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Paris and Berlin on the offensive on industry

2022-12-19T17:47:06.422Z


STORY - France and Germany are proposing a European strategy in the face of Washington's protectionism.


Could this be the awakening of the Franco-German couple?

After a serious cold snap in the bilateral relationship and doubts in Paris about the German will to maintain cooperation, Paris and Berlin are back on the offensive on pressing economic issues.

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The Minister of the Economy, Bruno Le Maire, recently called for a

"European leap"

in the face of Joe Biden's Inflation Reduction Act (IRA), which provides 369 billion dollars in subsidies to American companies for the transition. green and threatens Europe's industrial competitiveness.

It is the beginning of an

"offensive response"

to the IRA which is being developed in concert with Berlin, with

"robust and concrete" measures.

Continue negotiations

The French minister is due to travel with his German counterpart, Robert Habeck, and a representative of the European Commission to Washington in January, to defend the interests of industry on the Old Continent.

Since a meeting between the two men a month ago in Paris,

“there has not been a day when…

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Source: lefigaro

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