On Tuesday, French President Emmanuel Macron called for the creation of a common borrowing mechanism within the EU. He stated that issuing euro-denominated bonds could strengthen Europe’s investment capacity and is a crucial step towards countering the dollar's supremacy. In his remarks to European newspapers such as the Financial Times and Le Monde, he pointed out that the EU has lower levels of debt compared to the US and China, suggesting that failing to utilize this potential for borrowing is a significant mistake that could hinder the global competitiveness of the European economy.

Macron also warned that Europe should prepare for increased tensions with the United States, noting that the recent de-escalation of disagreements does not signify a permanent shift in transatlantic relations. He expressed concern over the US administration's antagonism towards Europe, particularly under Donald Trump's leadership, which he believes is aimed at undermining the EU. He anticipates forthcoming American attacks on European digital regulatory policies, along with the potential imposition of tariffs if Europe adjusts its trade practices.

This proposal for a common EU borrowing mechanism reflects Macron's broader vision of enhancing European autonomy in financial and geopolitical spheres. By advocating for euro-denominated bonds, he seeks not only to bolster investments within Europe but also to reduce reliance on the dollar, thereby enhancing the EU’s negotiating power on the global stage. Macron's statements may indicate a significant shift in European financial strategy, suggesting a more cohesive and independent economic policy among EU member states.