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By: William Horobin
The European Central Bank has only a “marginal” distance left to cover in raising interest rates to combat inflation, according to Governing Council member Francois Villeroy de Galhau, who sounded a more cautious tone on future monetary tightening than some of his colleagues.
French Finance Minister Bruno Le Maire said the government could hit big food manufacturers with tax penalties if they refuse to negotiate with retailers to bring down prices.
French President Emmanuel Macron unveiled measures to spur a reversal of the country’s industrial decline as he seeks to respond to massive US aid for its green sectors and rebuild his political fortunes at home.
By: William Horobin, Julien Ponthus
Macron Asks Business to ‘Choose France’ as He Seeks Agenda Reset
The French government presented a green industry bill including tax credits and targeted bonuses for electric vehicles, seeking to rival US support for its businesses in the shift to an economy with lower-carbon emissions.
French Unemployment Rate Falls to Mitterrand-Era Low
France’s Le Maire Says Food Talks to Break Inflation Spiral
ECB to Reach Rate Peak During Next Three Meetings, Villeroy Says
France Just Got Another Warning Over Its Credit Rating
By: Alice Gledhill, William Horobin
Emmanuel Macron’s economic transformation of France is starting to show cracks as the country’s massive debt burden casts a shadow over his plans.
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