French President Emmanuel Macron said Wednesday that he would not recognize Palestine as an independent state as a reaction to US President Donald Trump's declaration of Jerusalem as Israel's capital.
Macron said: "France is back, at the core of Europe", and France was also "a nation of entrepreneurs".
While Macron may not directly reference the United States or President Donald Trump's trade policies, his appeal to investors may emphasize Europe's commitment to the multi-lateral system and political stability.
He said that he wants to make innovation the "centrepiece" of his economic policy with a 10 billion euro (US$12.4 billion) fund to finance "disruptive innovation".
Their stance "gives us more confidence in ourselves, especially for Europeans, because it means that politics is stabilised", added Lithuania's President Dalia Grybauskaite. The European heavyweights stepped up to position themselves as a counterweight to Trump's "America First" agenda.
In a light-hearted dig at Mr Trump and the snow that left 3,000 delegates struggling to reach the venue, Mr Macron said that it was good that the organisers had not "invited anybody sceptical about global warming this year".
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Twice Macaron mentioned Africa as he championed the cause of a continent many say as the last frontier of growth in the world but whose leaders could not be counted to defend it.
But his labour reforms have proved unpopular and he urged the Davos audience that populations needed to be convinced of the benefits of globalisation, or forces of nationalism would emerge victorious.
"So I'm just glad to see that they're taking leadership".