Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > French ambassador accuses Australia of deceit over submarine deal
    Top Stories

    French ambassador accuses Australia of deceit over submarine deal

    Published by maria gbaf

    Posted on November 3, 2021

    3 min read

    Last updated: January 28, 2026

    An image depicting a financial advisor explaining green finance products to clients, highlighting the importance of sustainable investments and risk avoidance in the finance sector.
    A financial advisor discussing green finance options with clients - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    France accuses Australia of deceit over a canceled submarine deal, leading to diplomatic tensions and potential trade consequences.

    French Ambassador Claims Australia Deceived Over Submarine Deal

    CANBERRA/SYDNEY (Reuters) -France’s ambassador to Australia, Jean-Pierre Thebault, said on Wednesday that Australia acted with deceit when it abruptly cancelled a multi-billion dollar deal with Paris to build a fleet of submarines.

    “The deceit was intentional,” Thebault told media in Canberra on Wednesday.

    “And because there was far more at stake than providing submarines, because it was a common agreement on sovereignty, sealed with the transmission of highly classified data, the way it was handled was a stab in the back.”

    Australia in September cancelled a deal with France’s Naval Group, opting instead to build at least 12 nuclear-powered submarines in a deal with the United States and Britain.

    The new alliance, dubbed AUKUS, is designed to give Australia access to nuclear-powered submarines for the first time.

    The decision has caused a major bilateral rift, with France recalling its ambassadors from Australia and the United States in protest. Thebault returned to Canberra last month and the speech on Wednesday is the first time he has spoken publicly on the bilateral relationship.

    “These are not things which are done between partners – even less between friends,” said Thebault, who added that the French government had no gripe with the people of Australia.

    Australian Prime Minister Scott Morrison declined to refute Thebault’s comments when speaking on Wednesday in the United Arab Emirates en route from the U.N COP26 climate summit.

    “Claims were made and claims were refuted, what is needed now is for us to move on,” Morrison told reporters.

    French President Emmanuel Macron on Sunday said Morrison had lied to him about Canberra’s intentions.

    Morrison has denied the claim. He said he had previously explained to Macron that conventional submarines would no longer meet Australia’s needs.

    Morrison and Macron spoke last week before the Australian leader publicly sought a handshake with his French counterpart at the G20 meeting.

    The destabilisation of the usually close diplomatic relations between the two nations now threatens to spill over into trade consequences.

    The European Union has twice postponed a planned round of free trade talks with Australia. In solidarity with France, European Commission President Ursula von der Leyen questioned whether the bloc could strike a trade deal with Australia.

    The relationship was tested further this week after Australian media published leaked messages between Morrison and Macron that attempted to counter France’s claim that Australia did not give it sufficient warning that the contract would be cancelled.

    Thebault said the leaking of the messages represented an “unprecedented new low” and he said that it sent a worrying signal to heads of state that confidential correspondence could one day be “weaponised against you”.

    Australia’s Deputy Prime Minister Barnaby Joyce said Macron was wrong to accuse Morrison of lying.

    “We had a major political leader call the prime minister of Australia a liar, and you can’t do that diplomatically,” Joyce told the Australian Broadcasting Corporation.

    “This isn’t some tin-pot nation in the middle of nowhere… if a person calls you a liar, what are you going to do? You have to defend it and say you are not.”

    U.S. President Joe Biden said last week that the handling of the new pact had been clumsy, adding that he had thought France had been informed of the contract cancellation before the new pact was announced.

    (Reporting by Jonathan Barrett, Colin Packham and Renju Jose; Editing by Himani Sarkar and Michael Perry)

    Key Takeaways

    • •French ambassador accuses Australia of deceit in submarine deal.
    • •Australia canceled a multi-billion dollar contract with France.
    • •AUKUS alliance formed with the US and UK for nuclear submarines.
    • •Diplomatic tensions rise between France and Australia.
    • •EU trade talks with Australia face potential delays.

    Frequently Asked Questions about French ambassador accuses Australia of deceit over submarine deal

    1What is the main topic?

    The article discusses the French ambassador's accusation of deceit by Australia over a canceled submarine deal.

    2What is AUKUS?

    AUKUS is an alliance between Australia, the US, and the UK to provide Australia with nuclear-powered submarines.

    3How has the submarine deal affected France-Australia relations?

    The cancellation has led to diplomatic tensions and the recall of ambassadors.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostLilly pulls COVID-19 treatment from EU review while U.S. stocks up
    Next Top Stories PostHigher raw material costs weigh on Geberit profit