Macron betting €100bn on French recovery

French President Emmanuel Macron is hoping to get a personal boost ahead of elections in two years time

Emmanuel Macron’s government has unveiled the long-awaited €100bn stimulus plan the French president is betting on to transform the country’s economy and his political fortunes with less than two years to go until elections.

The plan, dubbed “France Relaunch,” includes wage subsidies, tax cuts for businesses and funding for environmental projects. It aims to shift away from the emergency spending of the Covid crisis to addressing longer term problems of weak investment and job creation in the euro area’s second largest economy.