Macron Floats Big Bank Mergers to Unlock €1 Trillion EU Reset

President Emmanuel Macron said he would be open to seeing a major French bank being taken over by a European Union rival in order to spur the deeper financial integration he sees as critical for the bloc’s future prosperity.

“Dealing as Europeans means you need consolidation as Europeans,” Macron said in an interview with Bloomberg Editor-in-Chief John Micklethwait on the sidelines of the Choose France investment summit in Versailles near Paris. “We have now to open this box and to deliver a single-market approach which is much more efficient.”

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