Emmanuel Macron is due to receive several major French business leaders on Friday to discuss the economic situation and Europe’s response to the resurgence of American industrial protectionism, we learned from the presidency on Thursday. The Head of State will have lunch with the leaders of the nuclear group Orano, the electrical equipment manufacturer Schneider, the software company Dassault Systèmes, the IT group Capgemini or even the cosmetics giant L’Oréal, specified the ‘Elysée by confirming information from the Parisian.
This Elysian meeting aims to discuss “the economic situation” which is deteriorating on a global scale, and “the springs of France to resist and rebound” with attractiveness and job creation in sight, says -on in the entourage of Emmanuel Macron. The president also intends to discuss with these big bosses, mainly at the head of industrial companies, the Inflation Reduction Act (IRA), a staggering plan by American President Joe Biden which provides for large subsidies and support for companies established in the States. States in the electric vehicle or renewable energy sectors.
This subject had already been on the menu of a dinner between Emmanuel Macron and major European industrialists at the end of November. The Head of State had called on their groups to stay in Europe, and especially in France, despite the attractiveness of these American protectionist projects. Emmanuel Macron had already had lunch earlier this week with some French and German economists, including Markus Brunnermeier, Agnès Bénassy-Quéré and Camille Landais, to discuss the economic consequences of the war in Ukraine and the policy pursued by the two countries, according to the presidency.