France targets green investment, jobs with huge stimulus plan

PARIS - France aims to spend 100 billion euros to pull its economy out of one of Europe’s worst slumps, under a fast-moving recovery plan that revives President Emmanuel Macron’s pro-business reforms with a greener tinge.

It earmarks 35 billion euros to make the economy more competitive and 30 billion to promote greener energy policies. France is on course for one of Europe’s worst recessions and its deepest since World War Two, with an 11% drop in GDP forecast for 2020 as a whole following a 13.8% second quarter contraction that coincided with a coronavirus lockdown.

French Prime Minister Jean Castex speaks during a news conference to present his government's economic recovery plan from the Covid-19 pandemic, in Paris, France September 3, 2020. Ludovic Marin/Pool via REUTERS

And in Australia they are thinking of cutbacks.

Give the Dutch people back their money.

the question is will it work ?

What new technology did they role out for the greener economy?

“Upon the conduct of each depends the fate of all.” ― Alexander the Great

So liberals not understanding economics isn’t just an American thing. It’s a worldwide thing. Good to know.

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France unleashes 100 billion euro stimulus to revive economyFrance plans to spend 100 billion euros ($118 billion) to pull its economy out of a deep coronavirus-induced slump, signalling renewed efforts by President Emmanuel Macron to push through a pro-business reform agenda. 40 billion of total to be financed by accessing EU funds Print that Fiat What is the assigned budget for Lebanon ?
Source: Reuters - 🏆 2. / 97 Read more »