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Pascal-Emmanuel Gobry

Macron Caves to the Military

Economic logic has prevailed, for now.
It ain't cheap.

It ain't cheap.

Photographer: Vincent Isore/IP3

French President Emmanuel Macron had steamrolled every adversary in his path -- until he tried to take on the military.

Macron has embarked on a spell of budgetary austerity, a move that will hurt growth but is being pursued out of a misplaced desire to meet the European Union's arbitrary 3 percent deficit target. As part of that effort, the previous government had announced cuts to the defense budget of $968 million for this year, which Macron pledged to uphold.