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At the head of Ecofin, Bruno Le Maire is betting on a new dynamic in Europe

2022-01-17T17:43:26.686Z

The group of "frugal" states appears weakened after the enthronement of new coalitions in The Hague and Berlin.



Bruno Le Maire puts on Tuesday, January 18 in Brussels his costume of master of the Ecofin summits, the cenacle of European finance ministers, conferred by the six months of French presidency of the Council of the European Union.

As such, paradoxically for a country that has already put a series of ambitious reforms on the table, he will be responsible for bringing about a consensus of twenty-seven members rather than defending France's positions.

Read also

The vast economic projects of the French presidency of the European Union

Still, with eight newcomers around the table, Paris is counting on a new dynamic to change the balance of power in its favor.

For Bruno Le Maire, the opposition between cicadas (from the south) and ants (from the north) has been overcome, in favor of a

“new growth model”

to be invented for Europe.

It addresses the delicate debate on the reform of the budgetary rules on the deficit and the debt by decreeing

“obsolete”

the threshold of 60% of the GDP maximum of public indebtedness.

According to Commission Vice-President Valdis Dombrovskis, a

“broad agreement…

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Source: lefigaro

All business articles on 2022-01-17

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