Macron the destroyer of French industry

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In the immediate aftermath of the European elections, in which the ruling centrists lost to Marine Le Pen's far-right party, the French government has had to deal with impending job losses at three major industrial sites. It is, argues Martine Orange, the outcome of a deliberate policy by President Emmanuel Macron: the massive and organised destruction of French industry. Mediapart's finance and business writer says that as a result France runs the risk of being trapped permanently in austerity and unable to forge an industrial future for itself.

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The bad news came quickly in France after last month's European elections. Within 48 hours of the results, no fewer than three different industrial plants in France had announced plans to shed jobs because their businesses here are struggling: power and grid experts Alstom, electrical goods firm Whirlpool, and steel-maker Ascoval.