The governments action against the economic consequences of the pandemic is testifying of a deep disruption in the principles which have been, for near half a century, the foundations of economic policy. They have put at the disposal of enterprises and employees the financing allowing them, for the time being, to cope with the activity fall and the employment cuts resulting from it. The State-guaranteed loans allowed banks to support their clients without taking themselves risk. Its taking of part-time unemployment benefits financing had the same purpose: they offered to enterprises the possibility to keep their employees without affecting the ...