financetom
World
financetom
/
World
/
France's Macron expects Biden's 'clarifications' on submarine spat
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
France's Macron expects Biden's 'clarifications' on submarine spat
Sep 22, 2021 12:21 PM

French President Emmanuel Macron expects clarifications and clear commitments from President Joe Biden in a call to be held later on Wednesday to address the submarines' dispute, Macron's office said. Macron's office said the call, which was requested by Biden, is to discuss the crisis of trust that led to the unprecedented recall of the French ambassador to the US last week.

Macron expects clarifications on the American choice to keep a European ally away from key exchanges on an Indo-Pacific cooperation, the statement said. The Indo-Pacific defense deal between the US, Australia and Britain was announced last week by Biden, with France being formally informed only a few hours beforehand, according to French diplomats.

The pact will see Australia cancel a multibillion-dollar contract to buy diesel-electric French submarines and acquire US nuclear-powered vessels instead.

France wants an acknowledgement that talks that should have been held" between allies before the deal was made did not happen" and that it is raising a matter of trust about which we need to draw together all the consequences, according to Macron's office. Paris is calling for acts, not words only," including on the full recognition by our American ally of the need to strengthen the European sovereignty and the importance for Europeans to greater involvement in their defense and security, Macron's office said.

France also wants the common commitment in the fight against terrorism to be reaffirmed. French government spokesperson Gabriel Attal said the issue was raised by Macron during a weekly Cabinet meeting on Wednesday. The call with Biden aims to bring clarifications on the conditions of the American re-commitment in an relationship between Allies," Attal said. France's European Union partners agreed Tuesday to put the dispute at the top of bloc's political agenda, including at an EU summit next month.

The French presidency categorically denied a report by Britain's Daily Telegraph newspaper published on Wednesday saying Macron could offer the country's permanent seat at the UN Security Council to the European Union if the bloc backs his plans on EU defense.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TRADING DAY-Investors shrug off Nvidia caution
TRADING DAY-Investors shrug off Nvidia caution
May 28, 2025
ORLANDO, Florida, May 28 (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Hawkish Fed minutes A day of drift - stocks lower and bond yields higher - was the hallmark of global markets on Wednesday as investors, in the absence of major fresh news on tariffs or developments in long-dated bonds,...
CANADA STOCKS-TSX ekes out another record high as bank earnings impress
CANADA STOCKS-TSX ekes out another record high as bank earnings impress
May 28, 2025
* TSX ends up 0.1%, at 26,283.45 * Posts new record closing high * BMO gains 1.5% and National Bank adds 3.8% * Definity Financial ( DFYFF ) jumps 11.3%. (Updates at market close) By Fergal Smith May 28 (Reuters) - Canada's main stock index edged up on Wednesday to a record closing high as investors cheered quarterly earnings from...
What's Going On With Nvidia Shares Today?
What's Going On With Nvidia Shares Today?
May 28, 2025
Nvidia Corporation ( NVDA ) shares are trading higher Wednesday as investors brace for the company's first-quarter earnings report after market close. What To Know: The slight move upward reflects cautious optimism, with the stock under close watch given Nvidia's ( NVDA ) central role in the AI chip market and its weighting in major indices. Analysts expect Nvidia (...
EMERGING MARKETS-Strong dollar pressures Latam FX; stocks broadly lower ahead of Nvidia results
EMERGING MARKETS-Strong dollar pressures Latam FX; stocks broadly lower ahead of Nvidia results
May 28, 2025
* Latam stocks down 0.8%, FX down 0.7% * Mexico's central bank cuts 2025, 2026 growth forecasts * Brazil's Azul slumps on bankruptcy filing (Updates with mid-session prices) By Pranav Kashyap and Purvi Agarwal May 28 (Reuters) - Most Latin American currencies weakened against a strengthening dollar on Wednesday, while investors awaited results from AI titan Nvidia ( NVDA ),...
Copyright 2023-2025 - www.financetom.com All Rights Reserved