Macron Urges Common EU Debt to Strengthen Europe’s Global Position

Macron Calls for Joint EU Borrowing

French President Emmanuel Macron has urged European Union leaders to create a shared EU debt system and issue eurobonds to finance investment in green technology, defence, and security. He warned that without stronger financial coordination, Europe could lose ground to the United States and China.

Speaking ahead of Thursday’s EU summit focused on competitiveness, Macron stressed that Europe must invest heavily in key strategic sectors. Otherwise, he said, the bloc risks being “swept aside” by global powers.

Warning of Rising Global Pressure

According to Macron, Europe must prepare for growing tensions with the United States. In interviews published Tuesday in several major European newspapers, he described what he called a “Greenland moment” — a turning point that should push Europe to accelerate long-delayed economic reforms.

He explained that recent events should serve as a wake-up call. In particular, he pointed to US President Donald Trump’s earlier threat to impose tariffs on European countries that opposed his attempt to take control of Greenland. Although Trump later softened his stance during the World Economic Forum in Davos in January, Macron suggested that the episode exposed Europe’s vulnerabilities.

Strategic Investment for Long-Term Stability

Macron argued that Europe must respond decisively. By introducing a common debt capacity, EU member states could pool resources and invest more effectively in strategic industries.

Furthermore, he said such a move would strengthen Europe’s competitiveness, secure its economic independence, and protect it from external economic pressure. Without bold reforms, he warned, Europe could struggle to defend its interests in an increasingly competitive global environment.
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