Several sources in regional associations contacted by EUROPE gave a very cool reception to the proposal made by French President Emmanuel Macron that would make access to European cohesion funding conditional on fiscal convergence, including on corporation tax rates.
In a marathon speech on Tuesday 26 September, Macron set out his vision for the future of the EU (see EUROPE 11870). Among his many proposals, one attracted the attention of the regions: that access to cohesion funding should be...