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- 01 29, 2025
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A BILLION ORThe Economist Today two here, a giant government cheque there: the money doled out by European governments to support businesses is starting to add up. Some €2trn ($2.2trn) or so has been earmarked to keep firms afloat. The early beneficiaries included bakeries, bookshops and the like. Now it is increasingly the turn of corporate titans. This week France announced an €8bn package to support its carmakers, including a large loan to Renault. Lufthansa is negotiating a €9bn bail-out from Germany which may involve the state taking a 20% stake. Now the taps are open, more blue-chip bail-outs are expected.
