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Macron hosted European manufacturers on Monday in hopes of halting the moves

Emmanuel Macron is to host major European industrialists for dinner on Monday night to encourage them to stay in Europe, and particularly in France, amid fears of renewed resettlement, the Elysée said. According to the presidency, the head of state of France receives the representatives of the European Round Table of Industry (ERT), which claims about sixty large companies of the continent among its members. Among them are the heads of Engie, Orange, Ericsson, Unilever, AstraZeneca, Volvo, BMW, Air Liquide and Solvay groups.

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The goal: tell them to stay in Europe and choose France, we explain from the same source. The executive, who has made reindustrialization one of his economic priorities, fears that energy inflation could prompt some companies to consider making future investments outside of Europe. Moreover, he is worried about the consequences of a massive investment plan announced this summer by President Joe Biden in the United States, specifically to combat climate change. this “Inflation Reduction Actsome Europeans, and France in particular, have accused it of distorting competition with its tax credit for buying locally-built battery electric cars built in an American factory.

The President of the Republic is mobilized to maintain the dynamics of re-industrialization in our land“They assure us in Elysée. With this in mind, Emmanuel Macron had already offered France’s top CO2-emitting manufacturers in early November to double state aid to support their decarbonisation, provided they also doubled their efforts in this area.

Source: Le Figaro

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