France 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.
FILE PHOTO: People walk on the esplanade of La Defense in the financial and business district of La Defense, west of Paris, France March 26, 2018. REUTERS/Gonzalo Fuentes
The stimulus package earmarks 35 billion euros to make the economy more competitive, 30 billion for more environmentally friendly energy policies and 25 billion for supporting jobs, officials said. That timeline would restore Macron’s record on the economy in case he decides to run for re-election in 2022 after the coronavirus crisis wiped out much of the economic gains made before then on growth and jobs.
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