News, Uncategorized

DEFENSE: MACRON PETITIONS EU TO SUPPORT ITS OWN DEFENSE INDUSTRY AMID NEW ‘WAR ECONOMY’

PARIS — French President Emanuel Macron is calling on neighboring nations to support the continent’s defense-industrial base before looking abroad.

Standing before an audience of international weapons makers, military delegations and other stakeholders, Macron made an impassioned plea for Europe to focus inward to defend itself as European nations pledge to increase defense spending amid an evermore unstable geopolitical environment — particularly the war in Ukraine.

France has entered into “a war economy that I believe we will be in for a long time,” he said in a speech Monday at the Eurosatory military technology conference outside Paris. This is the first time he attended the forum since becoming president in 2017, and it is the first iteration of the event since the COVID-19 pandemic began.

French President Emmanuel Macron, center, and Armed Forces Minister Sébastien Lecornu, left, stand near a Griffon armored personnel carrier on the floor of Eurosatory on June 13, 2022. (Ludovic Marin/AFP via Getty Images)


The nation will need to invest further in its defense-industrial base as well as become more agile and innovative in order to respond to its troops’ needs while supporting the equipment requests of certain partners, he added.

Macron urged his European compatriots not to repeat previous mistakes. “Spending a lot to buy abroad is not a good idea. We should spend a lot, but we should think in the veins of European strategic autonomy,” he said. “We need to reinforce a European technology and defense-industrial base.”

About 73% of this year’s Eurosatory attendees hail from European nations, according to the event’s organizer, COGES, which is a subsidiary of the Group of French Industries for Land and Air-land Defense and Security, otherwise known as GICAT.


Macron acknowledged the many ongoing collaborations between France and its neighbors, but said there is more to be done to develop joint programs, improve partnerships and encourage European sovereignty. As he lauded the success of French exports to nations such as Indonesia and Egypt, he also pledged to advocate for additional foreign investment.

“You will have me at your side to convince the investors of the world to join this sector and to advance it,” he said.

At the same time, European countries must become more willing to accept “cooperation” across their programs and to better standardize offers to strengthen competitiveness on the global market, Macron noted.

“I see here what is the reality of the French market, and what is the reality of the American market,” he said. “The second invests more than us, but it has a more simplified offer.”

“A real European standardization is what is needed,” particularly in the cyber, space and maritime domains,” he added.


Since his first term began in 2017, Macron has been strongly pro-European. He supported the launch of the European Defence Fund and contributed to the European Union’s nascent “Strategic Compass” document. Since his election to the presidency, France’s military has steadily increased its budget, investing a cumulative €26 billion (U.S. $27 billion) in defense over the past five years, according to the Armed Forces Ministry.

Geopolitical events — from Russia’s invasion of Ukraine to ongoing conflicts in the Sahel region — prompted Macron to ask his military leaders to adjust the six-year defense spending plan, known as the 2019-2025 military program law. The revised plan should be completed in the next few weeks, he added.

Macron was reelected to his second and final five-year term in April. He walked the Eurosatory floor and visited French industry booths Monday alongside his newly selected armed forces minister, Sébastien Lecornu.



Published By Odoh Dominic Chukwuemeka

Like, Share or comment on this article.

Your support matters.
Sustain independent journalism.


FOR ADVERT PLACEMENT CALL OR TEXT OUR WHATSAPP NUMBER; +886960917723, +886970840314

Click to Follow our website Dco-global-news.com

FaceBook Page; DCO Global News

DCO Global News Contacts;
For information on Press Releases, News, Advertisements, Videos, Photos, Events happenings, Promotional Events and Adverts, Share your stories with us, Please Call or Send a Text to our Whatsapp number; +886963563485, +886970840314.
Or send an email to; chionikdom02@yahoo.com, emydom29@gmail.com

(Like and Follow our Facebook Page; DCO Global News)

(Follow us on Twitter; @Dcoglobalnews)

(Follow us on LinkedIn; Dco Global News)

(Follow us on Tumblr; Dcoglobalnews)

(Follow us on Google +; Dco Global News TV)

(Subscribe to our YouTube Channel; DCO Global News TV)

Subscribe to our Telegram Channel DCO Global News.

Follow our Website http www. dco-global-news.com

Advertise with us.
Send us enquiries, Press releases.

DCO Global News Promotes the Values of Democracy, Human Rights, Values of Life and Freedom of Expression in a Region Where Genuine Media Freedom Remains Elusive and where many Media outlets remain Divided along Ethnic Lines.
Let’s 🚶 Walk the 🚶 Walk 🚶 Together.
Don’t miss a thing, get the latest updates to fuel your conversation daily.

For 2022, DCO Global News commit to another year of high-impact reporting that can counter misinformation and offer an authoritative, trustworthy source of news for everyone. With no shareholders or political owner, we set our own agenda and provide truth-seeking journalism that’s free from commercial and political influence. When it’s never mattered more, we can investigate and challenge without fear or favour.

(Support DCO Global News.)
LET’S HAVE YOUR SAY, LET’S KNOW YOUR THOUGHTS.
LIKE, SHARE AND COMMENT.

TEXT AD: To advertise here.
Call Dominic +886970840314…
© DGN NEWS MEDIA 2022.
All Rights Reserved.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s