Banks, French aerospace, Eurogroup: Catch up with the latest pandemic-related financial insights from Breakingviews here
. Bank bosses boast about being part of the solution, not the problem, in this crisis. That has a cost. France’s 15 billion euro rescue package for its aerospace industry doesn’t fly. And not just because of some dubious doubling counting. Almost half of Finance Minister Bruno Le Maire’s goody bag is accounted for by a 7 billion euro Air France loan announced in April. Then there’s another 600 million euros of existing defence orders that have merely been brought forward.
Candidates must do the job while still serving as national finance minister. That probably rules out contenders from the biggest countries. A calm manner and the ability to build consensus are both handy. But as with all EU jobs, character may play second fiddle to politics. Southern euro zone countries will want one of their own to have the position, and socialist parties will want to hold onto the role. That puts Spain’s Nadia Calviño in a good position.
last year. Big tobacco’s reliance on jacking up prices to drive growth has eroded its counter-cyclical appeal. bold plans to recruit 5,000 people in less than a year to fill positions in network database, servers, chips and artificial intelligence. The hiring spree follows the company’s earlier initiative to invest $28 billion over the next three years in its technology infrastructure.
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