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Macron’s Not Ready to Calm Down Yet After Submarine Humiliation

From bnnbloomberg.ca

Emmanuel Macron is making it clear that French fury isn’t ebbing after Australia canceled a $66 billion submarine order in favor of a new defense pact with the U.S. and Britain. After the deal was announced on Wednesday, the French president recalled ambassadors to Washington and Canberra and canceled events, a symbolic gesture rare among such close allies. French officials say Macron is looking for an adequate response, and they’ve been renewing his calls for Europe to boost its own defense capabilities. Macron’s public reaction is partly directed at a domestic audience. Seven months before a presidential election, ... (full story)

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  • Category: Fundamental Analysis