"We're going to do it, Bruno, we're going to do it," he said, "satisfied with his shot, (...) both hands crossed on his bouncing belly", Angela Merkel's Economy Minister Peter Altmaier to his counterpart and accomplice Bruno Le Maire (The Angel and the Beast, Gallimard). In 2018, Paris and Berlin decided to invest massive amounts of public money in battery factory projects. In France, this project was called the "Airbus of batteries", a term that has since fallen into disuse because it is hated by the industrialists concerned. The minister's initial wish to see Renault join in, despite his insistence, has never been granted.
At the beginning of Emmanuel Macron's first five-year term, the ambition for reindustrialization was based on reforms of capital taxation and the labor market. But on the big money side, there was only the voluntarism of the verb. The "whatever it takes", and more recently the American Inflation Reduction Act (IRA) had not yet gone through this to disinhibit spending...
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