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Oil prices tumble .. Producers pay to get rid of their stocks

Traders and craftsmen in France sounded the bell of bankruptcy due to the repercussions of the comprehensive closure in the country due to the Corona epidemic, although the French government excluded their stores from the decision of the stone and the closure.

The French newspaper “Le Monde” published a report indicating that hundreds of merchants and small craftsmen in Strasbourg, Paris, Bordeaux, Lyon, Marseille and other cities in the north, find themselves without financial liquidity to continue within the limits of the end of April.

According to the newspaper’s information, after more than a month of stone has passed and movement remains restricted until the middle of next month, employers in about 250,000 hotels, cafes, and restaurants, as well as 1,360,000 commercial food companies, will be forced to close their source of livelihood due to lack of financial liquidity to continue or Pay the wages.

The French newspaper “Le Pen” also reported that the risk of bankruptcy is effectively threatening the bakeries’ craftsmen, who are no longer able to sell their products despite their exceptions to the government decision to close.

“The bakeries have lost an average of 50 to 60% of their sales volume,” the newspaper quoted Matthew Labbe, head of the Association of Bakeries Companies in France (FEB).

Another sector, which represents a large segment of artisans in France, is the sector of small shops for foodstuffs, which they said are no longer able to sell more goods, given the offers in the big stores.

On the agricultural side, the newspaper said, that 45 percent of the country’s milk and cheese craftsmen no longer have any work due to the health crisis, according to a quotation from the head of the Cheese Manufacturers Association in France, David Pazerk.

These problems come despite the government’s allocation of financial aid to families and groups most affected by the epidemic (those who lost their jobs or declared bankruptcy) amounted to between 400 and 1400 dollars.

France is one of the European countries most affected by the epidemic, as 761 people have died from the virus during the past 24 hours, according to Director of Public Health Jerome Salomon.

The total death toll in hospitals, social welfare centers and the aged homes is 18681.

Salmon said the decline in the number of people undergoing intensive care is “slow but steady”.

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