In his recent statements to the press, French President Emmanuel Macron emphasized the need for the European Union (EU) to adopt a collective borrowing mechanism, such as eurobonds, to enable substantial investments and reduce reliance on the US dollar. This proposal comes in light of ongoing discussions about the EU's economic strategy and the competitive challenges posed by the US and China. Macron's assertions were made during interviews with various French newspapers, which expressed his concern that the EU is under-leveraged compared to these economic superpowers.

Macron's critical view of the EU-Mercosur trade agreement, labeling it a 'bad deal', highlights his belief that Europe must protect its own industries more effectively while asserting its financial independence. He articulated that the current level of EU debt is comparatively low, and failing to utilize this capacity for borrowing, especially in a time of rapid technological investment, would be a significant oversight. His comments come as European leaders face mounting pressure to bolster their economic resilience in a shifting global economy.

These remarks reflect a broader strategy for the EU as it navigates complex international trade relationships while trying to assert its economic sovereignty. By advocating for joint loans, Macron suggests a proactive approach to fortifying Europe’s standing on the global stage, ultimately aiming to challenge the financial precedence of the US dollar in international trade.