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    Home > Finance > Macron warns of renewed friction with US, urges EU to use 'Greenland moment' to push reforms
    Finance

    Macron warns of renewed friction with US, urges EU to use 'Greenland moment' to push reforms

    Published by Global Banking & Finance Review®

    Posted on February 10, 2026

    3 min read

    Last updated: February 10, 2026

    Macron warns of renewed friction with US, urges EU to use 'Greenland moment' to push reforms - Finance news and analysis from Global Banking & Finance Review
    Tags:PresidentEuropean economiesDebt Capital Marketsfinancial communityeconomic benefits

    Quick Summary

    French President Macron suggests EU joint borrowing via eurobonds to challenge US dollar dominance, highlighting EU's underutilized debt capacity.

    Table of Contents

    • Macron's Call for EU Action
    • Challenges from the US and China
    • Economic Strategies for Europe
    • The 'Made in Europe' Initiative

    Macron warns of renewed friction with US, urges EU to use 'Greenland moment' ...

    Macron's Call for EU Action

    By Gianluca Lo Nostro

    Challenges from the US and China

    PARIS, Feb 10 (Reuters) - Europe should brace for more moments of U.S. hostility, French President Emmanuel Macron has warned, and should treat what he called the “Greenland moment” as a wake‑up call to push through long‑delayed reforms to strengthen the bloc’s global power.

    Economic Strategies for Europe

    In an interview with several European newspapers, the French leader said the European Union should not mistake a lull in tensions with Washington for a lasting shift despite a pause in U.S. threats over Greenland, trade and technology.

    The 'Made in Europe' Initiative

    Macron urged EU leaders to use a summit in a Belgian castle this week to inject fresh energy into economic reforms to bolster the bloc's competitiveness and strengthen its ability to stand up to China and the United States on the world stage.

    “When there’s a clear act of aggression, I think what we should do isn’t bow down or try to reach a settlement," Macron told Le Monde, the Financial Times and other newspapers in comments published on Tuesday. "We’ve tried that strategy for months. It’s not working,”

    Macron said the Trump administration was being "openly anti‑European" and seeking the EU’s "dismemberment". He said he anticipated further tensions with the Trump administration, including over Europe's regulation of digital technology.

    "The U.S. will, in the coming months — that’s certain — attack us over digital regulation," Macron added, warning of potential U.S. import tariffs from U.S. President Donald Trump should the EU use its Digital Services Act to control tech companies. 

    'EUROPE NEEDS PROTECTION, NOT PROTECTIONISM'

    Europe needed to be more resilient in the face of a double challenge from the United States and China, Macron said.

    "We have the Chinese tsunami on the trade front, and we have minute-by-minute instability on the American side. These two crises amount to a profound shock — a rupture for Europeans," he continued.

    Macron, whose second term finishes in spring 2027, renewed his call for the EU to embark on more common borrowing to help the bloc of 27 nations invest at scale and challenge the hegemony of the U.S. dollar.

    The EU used joint debt in 2020 to re-boot the European economy after the COVID-19 pandemic, but French attempts to make such tools permanent have faced stiff resistance from Germany and other more frugal northern member states.

    Thursday's summit will include discussions around French-led plans for a “Made in Europe” strategy that would set minimum requirements for European content in locally manufactured goods. The approach has split EU countries and alarmed automakers.

    "For me, the economic strategy to make our Europe a power lies in what I call protection, which is not protectionism, but rather European preference," Macron said.

    (Reporting by Gianluca Lo Nostro; Editing by Lincoln Feast, Richard Lough and Alex Richardson)

    Key Takeaways

    • •Macron advocates for EU joint borrowing through eurobonds.
    • •EU's borrowing capacity is underutilized compared to US and China.
    • •Joint borrowing could challenge US dollar's global dominance.
    • •Macron emphasizes the need for technological investment.
    • •EU's economic strategy could shift with joint borrowing.

    Frequently Asked Questions about Macron warns of renewed friction with US, urges EU to use 'Greenland moment' to push reforms

    1What is joint borrowing?

    Joint borrowing refers to a financial arrangement where multiple parties, such as countries or organizations, come together to borrow funds collectively, often to achieve shared economic goals.

    2What is the US dollar dominance?

    US dollar dominance refers to the widespread use of the US dollar as the primary currency for international trade, finance, and reserves, which gives the US significant economic influence.

    3What is under-indebtedness?

    Under-indebtedness occurs when an entity, such as a country or organization, has a lower level of debt compared to its economic capacity or potential, limiting its ability to invest and grow.

    4What are the implications of joint borrowing for global finance?

    Joint borrowing can lead to increased financial stability and collaboration among nations, potentially reducing reliance on dominant currencies like the US dollar and fostering economic growth.

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