French President Emmanuel Macron has a guest op-ed in the London Financial Times, posted May 12, headlined, “Europe Needs More Factories and Fewer Dependencies.”
A theme of the piece is, “the value of economic sovereignty.” He begins by plugging the upcoming meeting in Versailles called “Choose France,” which is an event for international chief executives, started in 2018. He expects more than 200.
He makes the further points that re-industrialization should take place on a “European scale,” and that there should be action in Europe on “our strategic dependencies” caused by the Covid-19 pandemic, and the “war Russia decided to inflict on Ukraine.”
He states, “What we need now is a comprehensive framework to implement this European consensus on sovereignty.” And presents “a doctrine based on five pillars,” covering various points from competitiveness to blocking foreign acquisitions.
Of note is the final pillar, taking into account “the context of global development. I have invited the countries of the Global South to come to Paris in June to lay the groundwork for a new international financial framework.” (https://www.ft.com/content/7ff1123d-51b1-482c-ba86-b3a95a347df9 )
