Overseas : the economic crisis linked to the Covid-19 promises to be devastating

"The sustained losses of activity during the containment are estimated at 30 %," notes a report of the delegation to the overseas of the Senate.

These are losses "unprecedented". The economic crisis related to the epidemic of Covid-19 promises to be "devastating for the whole of the territories ultramarins," notes a report of the delegation to the overseas of the Senate, which calls for a sixty-odd measures to help. "The sustained losses of activity during the containment are estimated at 30 % for all overseas, which is without precedent," and the savings ultramarines are "facing a threat of collapse if appropriate measures and scale and are not quickly adopted," insist the authors of the report.

Even if the national measures of economic emergency apply in principle to overseas, Stéphane Artano (RDSE, Saint-Pierre-et-Miquelon), Viviane Artigalas (Socialist and republican, Hautes-Pyrénées) and Nassimah Dindar (Union a centrist, The Meeting) underline that "the high proportion of very small businesses and sole proprietorships in overseas, the reluctance of the traditional banking system, the percentage of businesses that are already in great difficulty and statutory differences tend to exclude whole swathes of activities to the benefit of the measures of national solidarity".

the authors of The report call "to strengthen the self-health"

The authors recommend, for example, to "strengthen the self-health" of each territory, to adopt sanitary protocols differentiated according to the local situations, and allow for the overseas who want to "test the people to their arrival at the airport".

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They also recommend to "sustain the support of the part-time unemployment to 100 % by the State, in particular for businesses ultramarines in danger of bankruptcy", and "extend the system of the solidarity Fund in the overseas until the end of the crisis, and cancel debts on the year 2020 of the enterprises of the sectors most vulnerable".

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authors are also asking for aid measures for certain areas "levers" of the economies ultramarines, such as air transportation, which is indispensable for opening up the territories (a"fund of contingency support for the air companies overseas"), or tourism, but also for the sector of agriculture and fisheries, and the CONSTRUCTION industry.

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The global economy at the stop

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They recommend tracks of "resilience" for the future : reduce the dependency on the hexagon and aim for self-sufficiency in food, develop the digital by making overseas processing zones, digital, invest in the blue economy and biodiversity.