"Made in Europe"
France calls for action plan
In response to the controversial subsidy program for US companies, France wants the EU to relax its state aid and financing rules for companies.
President Emmanuel Macron will discuss a French "Made in Europe" action plan with EU Commission President Ursula von der Leyen in Paris on Monday (16.01.2023), the Élysée Palace announced.
Macron is concerned with simplifying the rules and procedures, particularly for important projects of common European interest, as well as state aid and new funding for investments. France is awaiting the Commission's proposals on this before the next EU summit at the beginning of February, according to the Élysée.
According to the French idea, part of a "Made in Europe strategy" should be a new fund to provide the necessary financing for all EU states, reported 'Handelsblatt'. As a first step, funds from existing EU programs such as the coronavirus aid package could be reallocated. Paris is also proposing a financing instrument that could pave the way for joint borrowing.
France is considering a reorientation of EU industrial policy, reported the news portal Politico. Among other things, dependencies in key sectors should be reduced.
In August, US President Joe Biden signed a law that provides for billions in investments in climate protection and social issues. According to the Brussels Commission, this puts EU companies at a disadvantage compared to their US competitors. Europe fears production relocations and job losses. France is therefore insisting on a united and strong EU stance in the economic competition with the USA and has called for steps to give European companies preferential treatment.
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