Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Nov 06, 2018

France's Macron Says Europe Has Become Too ‘Ultra’ Free Market

(Bloomberg) -- Populist parties have gained across Europe because the European Union has become too “ultra” free-market oriented and no longer protects the middle class, French President Emmanuel Macron said.

Speaking in an interview on Europe1 from the WWI battle memorial at Verdun, Macron said a “strong and sovereign Europe” was needed to defend European interests against China, Russia and “even the U.S.,” and against the “Internet giants.” He noted that only 10 percent of investment on artificial intelligence was in Europe.

“We can't defend Europe if we don't have a real European army,” he said. “We must have a Europe that can defend itself more, without just relying on the U.S.”

He said he wanted to group together pro-Europe movements in next year's EU parliamentary elections. “Everywhere in Europe, the nationalists are rising,” he said. “They play on fears of others, they want to close borders. Just because they are elected, doesn't mean I can't fight their ideas.”

To contact the reporters on this story: Gregory Viscusi in Paris at gviscusi@bloomberg.net;Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net, Frank Connelly

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search