Le Maire calls for room for investment

by time news

2023-06-16 04:00:00

Bruno the Mayor

The French Finance Minister indirectly criticized Lindner recently at the informal meeting of ministers in Stockholm and accused him of “old ideas”.

(Photo: AP)

Luxemburg France’s Finance Minister Bruno Le Maire is calling for an ambitious reform of the EU’s debt rules to boost productivity and growth in Europe. “We need huge investments in generative artificial intelligence, in semiconductors, in supercomputers if we want to be successful,” said Le Maire in an interview with the Handelsblatt and other European newspapers.

All Member States must have the opportunity to invest to prepare for the challenges of the 21st century. “Never forget that the Stability Pact is a means to an end and not an end in itself,” said Le Maire. Therefore, Europeans must find the right balance between deleveraging and investing.

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