France’s Le Maire: time to define a strong common EU strategy

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FILE PHOTO: French government presents the 2023 budget bill

LUXEMBOURG (Reuters) – French Finance Minister Bruno Le Maire said on Monday it was time European countries defined a strong common economic strategy to face the consequences of the inflation, fuelled by skyrocketing energy prices.

“It is a necessity to work together in the context of this energy crisis (…) we need a common economic strategy between members of the euro zone, between European countries”, Le Maire said before joining a monthly Eurogroup meeting.

“We must be more united and answer more swiftly (…) fossil energy prices will remain high, there is no turning back so we must do more on energy efficiency,” he added.

(Reporting by Marine Strauss and Benoit Van Overstraeten)