French FinMin Le Maire: Economic contraction will be much worse than the -1% expected earlier this month

While speaking on France Info radio earlier this Tuesday, French Finance Minister Bruno Le Maire said that the economic contraction will be much worse than the -1% expected earlier this month.

Further comments

Have drawn up a list of companies that may need state support.

Urges companies to show caution regarding dividend payments.

Banks to decide on mortgage leniency on a "case by case" basis.

Nationalization is a last resort.

France must support the country's top industrial companies.

Current situation is like the 1929 great depression.