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Le Maire Blames 2024 Dissolution for Fiscal Setback and Renewed Deindustrialization

The former economy minister says halted reforms weakened investor confidence.

Overview

  • In a new interview published Monday, Bruno Le Maire says the 2024 dissolution “cut short” efforts to restore public finances after he planned €30 billion in savings over six months.
  • He argues the halt to production‑tax cuts and a stalled simplification law undermined investor trust, with business failures rising and industrial jobs being lost.
  • He warns that the same conditions will drive faster deindustrialization if policy does not return to a production‑focused path.
  • He links the policy rupture to France’s Fitch downgrade this month and calls the unfinished fiscal repair a personal failure.
  • Rejecting a Zucman‑style wealth tax, he pushes for stronger taxation of Big Tech and defends his record citing 650 factory openings and advances in batteries, hydrogen and nuclear.