SUBSCRIBERS
France to double fund to help local authorities with Swiss franc surge
Published Tue, Feb 24, 2015 · 09:50 PM
Paris
FRANCE will double a fund designed to help local authorities deal with structured loans, raising it to three billion euros (S$4.6 billion) following a surge in value by the Swiss franc, the Budget Ministry said on Tuesday.
Half of the additional 1.5 billion euros in the fund will be provided by banks and the other half by the state, an official at the ministry said. The funds will be available for 15 years.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
OECD upgrades global growth outlook as US outperforms
US official urges China, Russia to declare only humans, not AI, control nuclear weapons
Banking giants race to Riyadh as MBS steps up pressure campaign
Biden now calls ally Japan ‘xenophobic’ along with China, Russia
Japanese companies struggle with yen’s continued weakness
Australia’s March goods trade surplus narrows to more than 3-year low