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Large French companies are alarmed by the stalling of the European economy

War in Ukraine, geopolitical tensions and global warming threaten the European economy.

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Large French companies are alarmed by the stalling of the European economy

War in Ukraine, geopolitical tensions and global warming threaten the European economy... But beyond all these risks, it is the loss of competitiveness of the Old Continent which worries the large French groups, brought together within the French Association private companies (Afep).

“An additional threat is looming: the lasting disconnection of the 27 economies from the United States and Asia,” warns Afep. “Without awareness and rapid action, this risk could compromise the weight of the EU in the world and the maintenance of the European political and social model. » In question, the limits of the integration of the internal market, the insufficient mobilization of savings in the service of the ecological shift and innovation, administrative overloads etc. “These choices are radically opposed to those of our main competitors, who are already gaining impressive market shares in green technologies” (like electric vehicles for example, in photo), warns Afep.

Large French companies, which employ 8.5 million employees worldwide, including 4.5 million in Europe, are therefore urging Europe “to remedy its internal failings”. Less than two months before the European elections, Afep is campaigning to increase investment capacity through better mobilization of savings, secure supply chains through balanced trade agreements, adapt the “green pact”, or even modify procedures to gain agility. It is about keeping European companies in the race of global giants.

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