Macron stressed the importance of enhancing financial integration within the European Union….reports Asian Lite News
French President Emmanuel Macron urged Europe to collectively assume common debt, similar to measures taken during the Covid-19 pandemic, to address the need for increased investment in the continent. Speaking at the World Economic Forum, Macron emphasized the necessity for greater European public investment and suggested the revival of ‘Eurobonds’ to address significant future priorities.
Highlighting 2024 as a pivotal year due to upcoming European Parliament polls, Macron stressed the importance of enhancing financial integration within the European Union. He called for a deepening of the capital markets union, emphasizing the urgency of creating a more financially integrated Europe.
Even if faced with resistance at the EU level, Macron expressed France’s commitment to pursuing “closer cooperation” with other nations on the matter, emphasizing the need for progress. Macron acknowledged that while Europe possesses financial resources, they are currently “poorly allocated,” lacking efficiency in directing funds toward the appropriate areas and sectors.
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