Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

CDC’s Role Isn’t to Rescue Peugeot, Doux, Jouyet Tells JDD

July 29 (Bloomberg) -- The primary role of France’s Caisse des Depots et Consignations, a state-run bank, isn’t to save troubled companies like PSA Peugeot Citroen and Doux SA, new head Jean-Pierre Jouyet told Journal du Dimanche in an interview.

The sovereign wealth Strategic Investment Fund, FSI, will decide what should be done, the newspaper cited Jouyet as saying. The CDC has a role to play in industrial recovery, although it has finite means, he said, according to the interview.

The limit on the Livret A tax-free state savings accounts will be “progressively” doubled to raise funds for social housing, universities and municipalities, Jouyet was quoted as saying.

The Caisse should play a “major” role in the planned state investment bank to spur economic growth and help small companies, and this entity could integrate the FSI, the newspaper said, citing Jouyet.

To contact the reporter on this story: Tara Patel in Paris at tpatel2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.