Macron Says France to Get $46 Billion From EU Stimulus Deal
- ‘Most important moment’ for EU since creation of euro: Macron
- French president: stimulus won’t cost French taxpayers a cent
Emmanuel Macron
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Emmanuel Macron said France will receive 40 billion euros ($46 billion) after European Union leaders agreed on an unprecedented 750 billion-euro recovery fund to help the bloc overcome the economic fallout from the coronavirus pandemic.
According to the French president, it won’t cost his country’s taxpayers a cent as the deal stipulates that the EU will be able to levy taxes “on large companies and international players who do not play ball.” Macron referred specifically to a plastic tax, a renewed effort to create a digital tax at the EU level and a border adjustment mechanism linked to carbon emissions.