Davos 2024
Macron Calls for Joint European Bonds to Fund Defense, Tech
- The French president speaks at the World Economic Forum
- Calls for ‘second phase of reinvestment’ as done during Covid
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French President Emmanuel Macron backed the issuance of joint European debt to pay for priorities including defense and technology in order to ensure Europe remains sovereign amid increasing competition with China and the US.
“We need more public investment in Europe, so we should open a second phase of reinvestment as we did during the Covid crisis, and maybe daring again to have Eurobonds for priorities,” Macron said, addressing the World Economic Forum in Davos.