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Free AccessMacron-'Europe Should Show It Is Not A Vassal Of The US'
French President Emmanuel Macron making a wide-ranging speech on foreign and security policy at the Sorbonne University in Paris. Making some fairly headline-grabbing comments Macron claims that “There is a risk our Europe could die,” adding that the contient must review its growth model, "because the rules of the game have changed", and that "Europe is at risk of impoverishment".
- In comments that will likely raise eyebrows in Brussels and Washington, D.C., Macron claims that "Europe should show that it is not a vassal of the United States." Macron has previously talked-up the idea of the EU's 'strategic autonomy' in making its own foreign policy choices. However, using such a loaded term as 'vassal' could draw some backlash given that the US and EU under the NATO umbrella have sought to present a fully united stance with regards the war in Ukraine and Russia's threats made to the West.
- On security Macron claims that ""Europe needs to change scale on defence...We are experiencing a profound change in terms of security...We must target a credible defence for Europe...We should create a European military academy to train high-ranking military personnel....We should develop a European cybersecurity capacity....We need to reinforce our ties with Britain on defence issues."
- Should be noted that in making such a bombastic speech, Macron may have an eye on garnering public attention ahead of the upcoming European Parliament elections on 9 June. His centrist Renaissance group is trailing the right-wing nationalist National Rally in opinion polls by a sizeable margin.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.