France’s Le Maire Calls on EU to Support European Factories

(Bloomberg) ― French Finance Minister Bruno Le Maire said he will campaign for the European Union to ditch its state-aid dogma to ensure that funds go to supporting factories on the continent instead of production in China and the U.S.

Speaking at the presentation of France’s 2024 budget, he pledged to push for a revision of rules ahead of EU Parliament elections next year to reserve public money for industrial products with at least 50% European content.