France renews national embargo order, economic cost 11 billion euros per month

French President Emmanuel Macron, in a televised speech on Wednesday evening (31), again ordered a national blockade. According to the French Ministry of Economy estimates, the cost is a total of 11 billion euros per month.

In order to stop the expansion of the New coronavirus outbreak, French President Emmanuel Macron announced on Wednesday night that the whole of France has once again imposed a lockdown and grounding. The French Ministry of Finance and Economy estimates the total cost at 11 billion euros per month. This includes new measures costing 4 billion euros, as announced tonight. The amount includes the solidarity fund, part of the unemployment benefits and some monthly reductions.

After Macron’s speech on the embargo, the president of the French capitalists’ association, Béziou, tweeted on Wednesday that this new wave of embargoes would be bad for all the closed areas.

The president of the French business owners’ association added that this should be the last embargo. All of us will reopen our doors on May 15. Many businesses and institutions open to the public have been subjected to this administrative blockade in order to curb the expansion of the new crown virus.

Marc Sanchez, general secretary of the SDI, said: “Some people are angry and some people are desperate about the blockade, and these are the main feelings of the leadership of microenterprises and the self-employed sector. Once again, this acknowledgement by the public authorities of their inability to control the Epidemic is damaging to everyone, especially those working in the various sectors. The management of the self-employed sector and micro-enterprises observed that they either closed their doors or ceased to operate, not that they were responsible for the spread of the virus, but that the subject became an economic victim in the face of this terrible situation. The government has not announced any new support measures and the wall of debt continues to pile up.

In the framework of an ambitious policy to revitalize the country’s economy, we are quickly demanding a concrete Marshall Plan that can be clearly seen to ensure that this debt is properly taken care of for everyone. We must begin this work now, he said. If the elected president and the elected representatives are not good at predicting the future, we are ready to provide them with the means and methods to succeed at this stage.

Macron further stated that stores will be closed all over France, and the list today includes 19 provinces where controls have been imposed. The Ministry of Economy said that 150,000 stores will close across France.