‘Pow­er­house’ France

The Daily Telegraph - Business - - Front Page - By Tim Wal­lace

EM­MANUEL MACRON’s re­forms should kick-start the cre­ation of mil­lions of jobs and help build a busi­ness pow­er­house in France to ri­val Ger­many’s famed Mit­tel­stand, ac­cord­ing to a close ally of the French pres­i­dent.

“We have the small com­pa­nies and we have big com­pa­nies, and in be­tween are the mid-sized firms with more than 250 work­ers and more than €50m (£44.9m) turnover,” said min­is­ter Ben­jamin Griveaux dur­ing a trip to Lon­don to meet firms.

“We have 4,000 com­pa­nies like this in France. Ger­many has 12,000, Great Bri­tain has be­tween 8,000 and 9,000. There is no rea­son why France can­not reach that level,” he said.

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