Here is the way out of the crisis! The executive presented, Tuesday 1is June, the business support system, set up to help those who, faced with the end of support measures, will have to face cash flow difficulties and the repayment of their debts, whether the loan guaranteed by the State (PGE), their social and fiscal debts or their bank loans.
The resumption of activity and the gradual withdrawal of aid should, in any event, accelerate defaults over the coming months. They are still very few in view of the violence of the crisis linked to Covid-19. In April, the number of insolvency proceedings was still down by 52% compared to April 2018 and 2019, when there were 3,670 and 3,633 respectively.
If this trend continues, may be below the historical average. However, professionals fear a change in trend: 10,000 to 20,000 SMEs could find themselves in great difficulty over the coming months, estimates the Confederation of Small and Medium-Sized Enterprises. The National Commission of Auditors estimates that 5% to 10% of companies would be affected.
To support them, the executive suggests a device based on a currency that could be the economic counterpart of the health “test, trace, isolate”. It is “Detect, guide, support”. “Today, we are gradually getting out of ‘whatever the cost’, but some viable companies continue to need state support to overcome this complicated period and rebound stronger, explained Bruno Le Maire, the Minister of the Economy. With these new systems, simpler and more readable, we offer companies a range of solutions adapted to their needs to enable them to reborn from this crisis. “
“Entrepreneurs find it difficult to project themselves into the future”
In order to put in place these mechanisms, the executive will rely on a national crisis exit council, bringing together in particular, alongside representatives of the State, the figures and legal professions (accountants, statutory auditors). accounts …), banks and financial institutions, as well as business federations.
The leadership of this body is entrusted to Gérard Pfauwadel, former secretary general of the Paris Club and, subsequently, of the interministerial committee for industrial restructuring. He was also in charge of the defeasance structure of the Comptoir des entrepreneurs. “So I spent most of my career dealing with difficult situations”, he confides, specifying that he will voluntarily fulfill this mission of general interest.
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