Germany, France agree on joint manifesto for industrial policy in Europe

BERLIN (Reuters) – France and Germany agreed on a joint manifesto for a new industrial policy in Europe that aims to support local companies to compete with rivals from abroad, German Economy Minister Peter Altmaier said on Tuesday.

Speaking after talks with French counterpart Bruno Le Maire in Berlin, Altmaier said Germany and France set aside a combined 1.7 billion euros to support the local production of battery cells for electric vehicles.

“I expect a decision about the consortia very soon, probably in the coming weeks,” Altmaier added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.