Macron: It is Time for Europe to Find a Common Borrowing Mechanism and Challenge the Dollar

SadaNews Economy - French President Emmanuel Macron stated in press interviews published today, Tuesday, that the European Union needs to establish a means for common borrowing, such as through euro-denominated bonds, as this will help challenge the dominance of the dollar.

Macron told newspapers including Le Monde, "The European Union has less debt compared to the United States and China. In the midst of a technological investment race, failing to utilize this borrowing capacity is a grave mistake."