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France and Germany unveil green recovery plans
(27 Apr 2021) French Economy Minister Bruno Le Maire and German Finance Minister Olaf Scholz unveiled their national recovery and resilience plans at a joint press conference Tuesday (27 April) ahead of the indicative 30 April deadline set by the European Commission.
“It was important for us to make this presentation together, because Germany and France have been working hand in hand since the beginning of the crisis,” said Le Maire, who voiced hope that the French economy would return to 2019 levels by 2022.
“We are not introducing reforms for the benefit of the European Commission. We are introducing reforms for the benefit of French citizens and the nation. The crisis must not divert us from our efforts to respond to the challenges of the French economy,” Le Maire said.
France plans to invest €100 billion through ‘France Relance’, a strategy based on ecology, competitiveness and social and territorial cohesion. Le Maire said that €30 billion had already been disbursed under the programme.
“This recovery plan marks the coming of age of the European Union,” said Le Maire, adding that “the European Union must stop relying on others and must rely on its own strengths”.
Green recovery plans
50% of the French budget allocated to economic recovery should be directed towards ecological transition with “the objective of reducing by 2030 gas emissions by 55% compared to the 1990 levels”, Le Maire added.
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, 27 Apr 2021: France and Germany unveil green recovery plans
