This is the moment of truth for the Franco-German relationship, the hour of reckoning for the future of the euro zone, either in the next few hours the president and the chancellor reach an agreement and accomplish a significant step in strengthening the euro zone. Or they are unable to and we will return, and I don't hesitate to say so, to turbulent times for the euro zone and for the European Union more widely.

Le Maire

Categorized in : World

I can confirm the next CEO has not yet been chosen. The only indication I can give you is that I wish it is a professional of the car industry because amid the radical transformation of the sector, one needs professionals.

It is not good that banks, be them German, Italian, French or Spanish, are too exposed to the sovereign debt of their country.

It gives us critical size to face the dual challenges of autonomo... by Le Maire

It gives us critical size to face the dual challenges of autonomous vehicles and electric cars.

We want to establish a safe and sovereign European data infrastructure, including data warehouses, data pooling and develop data interoperability.

It's incomprehensible that carbon emissions targets were set for cars and not for airplanes and ships. We propose that work is done on a European tax on airplane and ship fuel.

Based on these results, we want to build a trustworthy cloud to store our companies' most sensitive data.

If the American administration rejects the hand that has been held out by France and the European Union, we are preparing ourselves to react with sanctions.

We encourage European central banks to accelerate work on issues around possible public digital currency solutions.

All these concerns about Libra are serious. I therefore want to say with plenty of clarity: in these conditions we cannot authorize the development of Libra on European soil.

All these concerns about Libra are serious. I therefore want to say with plenty of clarity: in these conditions we cannot authorise the development of Libra on European soil.

It's in our interest to have a fair digital tax, please do not mix the two issues. The key question now is how we can we get consensus on fair taxation of digital activities.

We cannot accept private companies issuing their own currencies w... by Le Maire

We cannot accept private companies issuing their own currencies without democratic control.

The sovereignty of nations cannot be jeopardised, the overall mood around the table was clearly one of important concerns about the recent Libra announcements, and a shared view that action is needed urgently.

If we don't agree at the G7 level on the broad principles for taxing digital companies today or tomorrow, then quite frankly it will be complicated to find among 129 countries at the OECD.

The red line for us is that Libra must not transform into a sover... by Le Maire

The red line for us is that Libra must not transform into a sovereign currency.

France is a sovereign nation and will continue of course to decide as a sovereign nation on all taxation issues, so let's work during the G7... on that key question of digital taxation because this is for us the best way to fix this issue.

These digital giants are turning into private states – states over which citizens have no control and where democracy has no place, we cannot let companies, which are serving private interests, gather all the attributes of sovereign states. We must act.

Between allies we can and should solve our disputes not by threats but through other ways, france is sovereign country, its decisions on tax matters are sovereign and will continue to be sovereign.

We are merely re-establishing fiscal justice. We want to create taxation for the 21st century that is fair and efficient, we want to impose on these new business models the same rules that apply to all other economic activities.

France is a sovereign country, its decisions on tax matters are sovereign and will continue to be sovereign.