The French government is planning to give second aid package worth Euro 5 - 6 billion (up to US $8 billion) to struggling carmakers including Renault SA and PSA Peugeot Citroen.

Christine Lagarde, the French finance minister said that she thinks they will have a sufficient sense of responsibility to take these measures themselves but it would seem absurd to me to put state money ... into industrial sectors, into carmakers Renault or Peugeot, and for company boards to decide to award superbonuses with that money.

She added: "We will not avoid increasing our debt in the short term, which is obvious. We are forced to go and find money on the markets."