France Calls for Permanent EU Debt Mechanism to Boost Investment
- Recovery fund’s joint debt tool should be extended: Le Maire
- Minister says nations can’t go it alone on major projects
Photographer: Ludovic Marin/AFP/Getty Images
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France intends to push for a permanent mechanism on joint-debt issuance in the European Union to drive investment in innovation and projects that nations cannot finance alone, said Finance Minister Bruno Le Maire.
President Emmanuel Macron will announce the funding needs for the most innovative sectors “in the coming weeks,” Le Maire said in an interview with French newspaper Le Parisien while attending an economics conference in Aix-en-Provence.