French President Emmanuel Macron during an interview at the Palace of Versailles, on May 13.
Photographer: Cyril Marcilhacy/BloombergMacron Puts French Banks in Play With Plan to Transform Europe
The French President signals he’d be open to cross-border bank M&A as he sets out the case for a transformative shift in the continent’s economic model
President Emmanuel Macron said he would be open to seeing a major French bank being taken over by a European Union rival in order to spur the deeper financial integration he sees as critical for the bloc’s future prosperity.
“Dealing as Europeans means you need consolidation as Europeans,” Macron said in an interview with Bloomberg Editor-in-Chief John Micklethwait on the sidelines of the Choose France investment summit in Versailles near Paris. “We have now to open this box and to deliver a single-market approach which is much more efficient.”