FILE PHOTO: French Finance Minister Bruno Le Maire delivers a speech during the Pledging Conference of the Green Climate Fund for the First Replenishment in Paris, France, October 25, 2019. REUTERS/Pascal Rossignol
PARIS - French Finance Minister Bruno Le Maire gave his blessing to the merger between national champion PSA and Italo-American carmaker Fiat-Chrysler, saying the deal would be good news for France and Europe but that he would keep an eye on possible job cuts. “This merger between Peugeot and Fiat can create the world’s fourth-biggest automotive champion. It gives us critical size to face the dual challenges of autonomous vehicles and electric cars,” he told reporters at the French finance ministry.
Le Maire did not confirm the French state would keep a seat at the board of the merged entity when asked by a reporter. Asked about a possible Dutch headquarters for the group, he said it was too early to say where decision centers would be located and that the French government would be vigilant on the subject.
Frank's compete with Euros for value. If it benefits Europe but puts the Frank under a stronger currency then it encourages dependency on Euros at the expense of French currency. if it benefits Euros to the expense of Frank's then common over individual currency is the issue
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