During a high‑profile gathering of industrial leaders in Antwerp, French President Emmanuel Macron warned that Europe must become an “independent power” to counter the economic clout of China and the United States.
He argued that the continent needs a faster, larger‑scale approach to end the fragmentation that weakens its global standing. Central to his proposal is the creation of “eurobonds” – a common European borrowing tool to fund massive investments.
Macron emphasized that without a shared debt instrument Europe cannot finance the defence, space, clean‑tech, artificial‑intelligence and quantum projects required to boost productivity and competitiveness.
Although France has championed a joint‑debt strategy for years, key partners such as Germany have been reluctant. The president stressed that the current moment is unprecedented and that Europe must be ready to use unconventional tools from its policy toolbox.
He warned that the sense of urgency is real: “If we do not act now, it will soon be too late.” The message was aimed at rallying member states to recognise the emergency.
Macron also called on any willing countries to adopt the European single‑market reforms proposed by the Commission before the end of June, suggesting that “enhanced cooperation” could be used if progress stalls.
European Commission President Ursula von der Leyen echoed the possibility of deeper cooperation, signaling openness to the joint‑debt and reform agenda.