Finance
Macron Touts €15 Billion of Overseas Investments in France
- Amazon, Morgan Stanley, Pfizer to announce new French projects
- France has been fighting stagnation, weak output, inflation
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Emmanuel Macron unveiled more than €15 billion ($16.2 billion) in foreign investments from Amazon.com Inc., Microsoft Corp. and Morgan Stanley on Monday to spur France’s economy, repair its public finances and establish Paris as Europe’s post-Brexit financial hub.
The projects were announced at the annual “Choose France” summit, which will bring together 180 executives at the Château de Versailles. The event, now in its seventh year, is a key part of Macron’s push to re-industrialize the country and attract more foreign investment after a long period of economic decline.