Economics

Le Maire Says Broad Wage Hikes Would Hurt French Economy

Targeted increases for hotel, restaurant staff may be needed
Finance minister urges European Union to build a stronger bloc

Bruno Le Maire urged European Union nations to come together and work to build a stronger bloc able to rival the U.S. and China, particularly by boosting innovation spending.Source: Bloomberg

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By Angelina Rascouet

September 4, 2021 at 11:56 AM UTC

Updated on

September 4, 2021 at 4:44 PM UTC

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French Finance Minister Bruno Le Maire said he’s not in favor of a broad boost to wages as such a move would hurt French competitiveness.