In press interviews, French President Emmanuel Macron on Tuesday called on Europe to create a means of joint borrowing, for example through euro bonds, to challenge the dominance of the dollar.

Published on: 02/10/2026 - 08:22

To challenge the dollar's dominance, French President Emmanuel Macron said in press interviews published Tuesday that the European Union must create a means of joint borrowing, for example through euro bonds.

Macron told newspapers including Le Monde: “The European Union is less indebted compared to the United States and China. In light of the technological investment race, not taking advantage of this borrowing capacity is a grave mistake.”

Some economic issues remain a matter of disagreement among Europeans. The European Union, after arduous negotiations that lasted for more than 25 years, agreed to sign the trade agreement with the Mercosur bloc, despite France’s opposition and farmers’ demonstrations.

This step was considered to establish one of the largest free trade areas in the world, between the bloc and Brazil, Argentina, Paraguay and Uruguay, with more than 700 million consumers.

France 24/Reuters

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