A sudden outbreak of the COVID-19 pandemic provoked an unprecedented socio-economic crisis. The article explores the emergency measures taken by the authorities of France in order to provide support to French people and entrepreneurship during the force majeure. France’s President E. Macron was forced to postpone the planned reforms and to change the vector of socio-economic policy. The paper highlights the active State support of entrepreneurship and wage earners and its primary role in light of the coronavirus pandemic. The unprecedented decision of the European Commission to temporarily waive the restrictions on the state budget deficit and the size of public debt allowed to strengthen government regulation and intervention to support the economy and prepare the basis for its recovery after the pandemic. The possible impact of COVID-19 on the role of France in the European integration is outlined.