French Finance Minister to release new European tech fund really well worth 1 bln euros, French Finance Minister Bruno Le Maire stated a brand new European era fund might be formally released on Tuesday

 French Finance Minister to release new European tech fund really well worth 1 bln euros, French Finance Minister Bruno Le Maire stated a brand new European era fund might be formally released on Tuesday 

French Finance Minister to release new European tech fund really well worth 1 bln euros, French Finance Minister Bruno Le Maire stated a brand new European era fund might be formally released on Tuesday 

French Finance Minister Bruno Le Maire stated a brand new European era fund might be formally released on Tuesday, with a price of around 1 billion euros ($1.1 billion), allowing the European tech zone to compete with the U.S and Asian rivals.

Le Maire introduced this new fund on Monday as he spoke at an occasion on France's virtual coverage plans, with France having taken over the European Union's presidency over the following few months.

Le Maire additionally emphasized the want for the EU to turn out to be much less dependent on overseas leaders withinside the tech zone.

This new European tech fund will integrate 10 to twenty funds "at a minimal price of 1 billion euros to finance tech champions", stated Le Maire.

Le Maire additionally reiterated France's "absolute" dedication to nuclear strength.