You can express yourself in one of the epicenters of free trade and happy globalization, and defend strategic protectionism there. At the end of the Davos Forum (Switzerland), the Minister of Economy and Finance, Bruno Le Maire, called on Europe to be offensive in responding to the US climate investment plan, the Inflation Reduction Act.
And the Bercy tenant listed three levers to retaliate: simplifying European investment procedures, as well as accelerating the payment of subsidies granted today under PIIEC (Important Projects of Common European Interest), by moving them from a period of 2 to 3 years. just 6 months. Above all, Bruno Le Maire defended a production made in europeencouraging the Union to study hydrogen, renewable energy, chips and even nuclear energy.
The moderator, the American journalist Geoff Cutmore, did not fail to highlight the protectionist tone of the speech. “Are you saying that Europe should come first?” he questioned in particular the presenter of CNBC.
France attracts investors
Words that are added to those made that same morning, on the BFM Business antenna. The minister recommended ending European financial integration to boost investment through fundraising.
Bruno Le Maire finally made the case in Davos this morning that France was taking its fair share of this muscular new European industrial policy. In addition to investments, particularly in hydrogen, Paris attracts foreign capital.
“The attractiveness is at its highest point: all foreign investors see France as the country to invest in. The reforms undertaken in tax matters, competitiveness, simplification, are giving results.”
Source: BFM TV
