European defence industry co-operation must be enhanced - France's Macron
Reuters
Published Jun 13, 2022 06:31AM ET
Updated Jun 13, 2022 06:52AM ET
PARIS (Reuters) - French President Emmanuel Macron said on Monday that co-operation in the European Union's defence industry needed to be enhanced, including by the introduction of measures to favour EU companies on strategic issues.
"We need to...have a stronger industrial and technological base for European defence one that is much stronger and much more ambitious. And I will be intractable on this subject," Macron told a defence industry event in Paris.
In his speech, Macron stressed the changed geopolitical situation caused by Russia's actions in Ukraine, reiterating his call for boosting Europe's autonomy when it comes to its defence capacities.
"The time has come to put in place...a European preference, to build, when necessary and possible, rational mechanisms for the acquisition of common capabilities", Macron said.
Public tender rules among EU states for defence industry contracts should also be simplified to allow more transnational cooperation.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.