Berlin (Reuters) – French President Emmanuel Macron sees the EU’s borrowing as a “crucial point” in building the euro into a “real currency”.
With a view to the EU Commission’s borrowing to finance Corona reconstruction aid, he said in an interview published on Monday with the magazine “le grand continent”: “That corresponds to a transfer union based on a joint signature, a joint debt. This is therefore a really crucial point in order to build up the sovereignty of the euro and to make it a real currency that does not depend on others or is significantly less dependent, and to create budgetary sovereignty within our alliance. ”
Macron also set itself apart from the federal government in terms of security policy. Even with a US President Joe Biden, the EU should become more independent from the USA. Macron said he “did not at all” share the opinion of Defense Minister Annegret Kramp-Karrenbauer. The CDU chairwoman continued to refer to transatlantic relations and the USA as guarantors for the security of Europe and Germany. “I think that’s a misinterpretation of the story. Fortunately, the German Chancellor is not following this line, if I understand it correctly.”
The US would only take Europe seriously as an ally “if we are sovereign in our own defense,” said Macron. Therefore, the EU must continue its own autonomy efforts. Security policy is seen as an area in which Biden’s election could bring new conflicts between Germany and France. The federal government also wants to strengthen the EU’s military capabilities, but it wants to maintain NATO as the central security organization.