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The French Minister of the Economy and Finance, Bruno Le Maire, and his German counterpart, Peter Altmaier, expressed Wednesday night their willingness to move "hand in hand" in the midst of mounting global trade tensions. 19659002] "Germany and France have always advanced hand in hand, on the question of world trade, I can guarantee you that they will continue to advance hand in hand in the weeks and the coming months", said the Minister of the Economy and Finance, Bruno Le Maire at a press briefing held in Bercy after an interview with Peter Altmaier.
"We are concerned about US trade decisions. We consider that the increase in tariffs decided by the US administration is both unjustified and unjustifiable, "Bruno Le Maire said in the preamble, saying that" the European Union had the right answer: a firm answer, an answer measured and a united answer ". "Whatever decisions the US president may make in the coming months, we agree with Peter Altmaier that the European response must remain a united response and a firm response. Nobody will divide France and Germany and no one will divide the European nations, "he continued.
» READ ALSO – Europe, Donald Trump's Turk's Head [19659003] To concretely illustrate the Franco-German cooperation in the economic field, Bruno Le Maire and Peter Altmaier oversaw the signing of an agreement between the Public Investment Bank (BPI) and its German equivalent, KFW, which "will allow the realization of co-investments in Franco-German venture capital funds on both sides of the Rhine ". "It means the mobilization of up to one billion euros of public and private investment that will empower the best national venture capital players to become European for the benefit of growing start-ups in all sectors, digital technologies, biotechnologies, environmental technologies ", Bruno Le Maire enumerates
European Innovation Fund
Regarding trade tensions, if Bruno Le Maire acknowledged" a number of difficulties to be settled "as" the issue of overcapacity of steel and aluminum ", he said he was ready, with his German counterpart, to work on it with their" American friends ", but" not the gun on the temple ". "We are concerned, of course, because this vicious circle of actions and reactions to China and the United States clearly show us the danger and the resulting risks to global growth," he said. his side Peter Altmaier.
Bruno Le Maire recalled the will of France to create a fund for industrial innovation of ten billion euros which will be financed by badet disposals in ADP, the Française des Jeux and Engie. "We want this fund to be the prerequisite for a European Innovation Fund and no doubt it will be done first with Germany, to finance very concrete projects in the field of new technologies", said Bruno Le Mayor, supporting the proposal made by his counterpart "an Airbus artificial intelligence". "We gave ourselves with Peter until the end of the year to finalize this common project in broad outline and to start to define a calendar," concluded the French Minister of Economy and Finance
