France's Le Maire Sees New Global Economic Order in Five Years

French Finance Minister Bruno Le Maire said a new global economic order will emerge over the next five years, and both France and the euro area must reform urgently to meet that challenge.

In a wide-ranging speech of almost an hour, Le Maire sought to flesh out the broad lines President Emmanuel Macron’s economic thinking: The administration is seeking to strengthen the French economy by increasing its flexibility while pushing the European Union to defend its economic sovereignty in the face of the U.S. and China.