In a series of interviews with major European publications, Macron argued that the continent faces a pivotal moment that requires a shift from market integration to geopolitical assertiveness.
A New Era of Global Competition
Macron described the current international landscape as a "wake-up call" for the EU. He pointed to the intensifying pressures from China and Russia, alongside an increasingly "unpredictable" United States, as primary reasons for Europe to bolster its autonomy.
“Are we ready to become a power?” Macron questioned, emphasizing that this transformation must span the economy, financial systems, and defense capabilities. He noted that while Europe has historically focused on internal trade, it can no longer afford to ignore its role as a strategic global actor.
The Push for Financial Sovereignty
Central to Macron’s vision is a radical economic overhaul. He reiterated his support for shared European debt—often called "Eurobonds"—to fund critical sectors. To remain competitive on the global stage, Macron estimates the EU requires roughly €1.2 trillion in annual investment.
These funds would target high-stakes industries, including:
# Artificial Intelligence (AI)
# Clean Energy Transitions
# Defense and Security Infrastructure
# Industrial Innovation
The President suggested that a unified European debt instrument would not only fund the future but also provide global investors with a democratic alternative to the US dollar.
Addressing Internal Friction
Macron’s proposals face a familiar hurdle: resistance from "frugal" northern nations, including Germany, who are wary of shared financial liabilities.
Acknowledging these tensions, Macron admitted that France has faced its own economic hurdles compared to the successful reforms seen in nations like Spain, Greece, and Italy.
However, he maintained that collective investment is the only way to safeguard Europe's long-term prosperity against the industrial policies of other global giants.
Defending European Interests
On the trade front, Macron called for "fairness over protectionism." He argued that while Europe remains the world's most open market, it must adopt safeguards to ensure European producers aren't disadvantaged by international competitors who play by different rules.
The President also warned against complacency regarding relations with Washington. Referring to recent diplomatic friction—including disputes over Greenland—he cautioned that temporary stability should not be mistaken for permanent security.
A Call for Collective Action
Despite the challenges, Macron remains optimistic about the EU’s potential. With a combined population of 450 million, he believes Europe has the scale to shape global affairs—if it chooses to act as one.
“We built a common market to prevent war,” Macron concluded. “The question now is whether we are ready to assume our role in the world.”
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