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EU Economics

First to pop Macron’s bubble: EU head slams leader’s ‘Buy European’ Act as an awful idea

THE European Commission vice president Jyrki Katainen has warned against President Emmanuel Macron’s plans for a “Buy European Act”, warning it would not benefit the European Union market while the bloc cannot afford it.

The act is one of pro-EU s key policies and it would restrict access to public procurement contracts in Brussels, such as rail and infrastructure projects, to only companies that have at least half of their product inside the bloc.Mr Katainen said: “I strongly believe that Europeans are capable of providing services and goods that fulfil the expectations of European consumers without any artificial rules, which would force people or local authorities to only buy European products without a reason.”

France’s multinational rail company Alstom has said Europe is too open to Asian companies in big public rail contracts, than Asian companies are to EU companies.

Macron and the vice-commissionerGETTY              The Finnish commissioner has slammed Macron’s EU policy


Macron and the EU flagGETTY              Macron is a strong supporter of the European Union


I strongly believe that Europeans are capable of providing services and goods that fulfil the expectations of European consumers without any artificial rules

Jyrki Katainen

The Finnish commissioner said that the EU as a whole can’t afford to restrict pubic procurement, but there should be a global public procurement system.In general terms, the EU chief said that Mr Macron would be good for the EU.

This comes as Mr Macron has promised to “turn a new page” on Europe after a decade of issues.

Mr Katainen has been the European Commission Vice-President for jobs, growth, investment and competitiveness since 2014.The pro-business Mr Macron became the country’s youngest president yesterday after beating Marine Le Pen and winning 66.06 per cent of the vote.

http://www.express.co.uk/news/world/801971/Macron-slammed-EU-chief-European-Commission-vice-president-Buy-European-Act

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