Macron says Mercosur deal is ‘bad deal’ and it’s time for the EU to challenge the US dollar with joint loans

Emmanuel Macron in his speech to the UN General Assembly on September 22, 2025. Reuters/ Eduardo Munoz French President Emmanuel Macron called for the European Union (EU) to have a joint lending mechanism, for example through Eurobonds, which would allow the EU to invest on a large scale and challenge the hegemony of the US dollar. 📱Download the g1 app to see news in real time and for free Macron believes that Europe needs to better protect its own industries and reinforced his opinion that the EU’s agreement with Mercosur is a “bad deal”. The statements occurred during interviews with French newspapers, which were published this Tuesday (10). The information was released by the Reuters news agency. “The EU has little debt compared to the United States and China. At a time of rush for technological investments, not taking advantage of this debt capacity is a serious mistake”, declared Macron to several newspapers, including Le Monde. The French president also stated that Europe needs to simplify and deepen its internal market, as “plans to make Europe more sovereign are not progressing fast enough.” He also said Europe should not mistake a truce in tensions with Washington for lasting change, despite the apparent end to disputes over Greenland, trade and technology. “When there is a clear act of aggression, I think what we should do is not bow down or try to come to an agreement. I think we’ve been trying this strategy for months. It’s not working,” Macron said. Macron claimed the Trump administration was being “openly anti-European” and seeking the “dismemberment” of the EU. The French leader also believes the US could retaliate against EU countries, including France and Spain, that plan to ban children from using social media. The statements come before the meeting of European heads of state and government, scheduled for Thursday (12), in Brussels, to discuss competitiveness. Mercosur–EU Agreement after 25 years: why did it leave now? Future European combat aircraft Macron assessed that the future European combat aircraft (SCAF) project is “a good project” and that “things should move forward”, despite tensions between French and German industries. “It’s a good project and I haven’t had any German demonstration to tell me that it’s not a good project. When industrialists try to create dissension, that’s one thing, but it’s not up to us to endorse them”, he declared to several European media outlets, including Le Monde and The Economist, assuring that he will discuss the issue again with German Chancellor Friedrich Merz. Asked if the FCAS project was dead, Macron replied: “No.” In December, sources told Reuters that a meeting between the defense ministers of France, Germany and Spain failed to reach an agreement on rescuing the troubled program, under which the countries would build a fighter to replace France’s Rafales and Germany and Spain’s Eurofighters. He added that he hopes the FCAS project moves forward.

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