He has insisted that painful economic measures must be taken up now to keep France’s deficit within European Union rules. Mr. Macron’s moves since taking office have prompted Amazon, Facebook and many other multinational companies based outside France to promise to create more jobs. Mr. Macron has lectured leaders of other eurozone countries about the need to keep their budget deficits below the European Union cap of 3 percent of gross domestic product. Mr. Macron also refuses to end a tax break for wealthy citizens that he granted upon taking office. He says the measure was intended to lure money back to France, where it can be invested in French companies.

Source: New York Times December 11, 2018 10:08 UTC