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CMA CGM state loan guarantee is the start of a free-for-all

By Justin Stares

Why did French giant CMA CGM need state backing for its Euro 1.1 billion loan? There are two possible answers.

The first is that without the government backstop, the carrier might not have been able to raise enough money to plug its revenue hole.

CMA CGM was already...

May 26, 2020 (10:07) free state aid virus
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