French President Macron on EU Spending, Banks M&A, China (Full Interview)

French President Emmanuel Macron speaks to Bloomberg News Editor-in-Chief John Micklethwait about the European Union's investment model and the need for an extra €1 trillion ($1.08 trillion) in EU spending. He also discusses French bank BNP Paribas SA and oil company TotalEnergies SE, as well as trade with China. Macron speaks to Bloomberg News in the Palace of Versailles, on the sidelines of the Choose France summit.

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[Rei_n]

Macron should lead the EU. One of the most sensible EU leaders lately. Fully accepting and speeaking out that world is not the same as it was before. Macron is bringing the change that is needed for Fr (and most EU) economies, which is ageing fast and losing competitivenes fast (i.e. gatting poorer). If not for reforms, EU will fall behind the rest of the world economically. Hopefully, the wider communities will accept and understand that everyone will have to work more and harder to keep competitive

[erwanmoisan]

Some subtitles are wrongly translated and inaccurate, which makes some of M. Macron's statements meaning different things. This should be fixed ASAP Bloomberg Television!

[lv]

De-coupling, de-risking, now over-capacity... whatelse these Western countries can do to compete in a so-called free trade regime they created?

[qduuqls]

I appreciate Macron's the short and clear discussion he try to avoid all the confuions and target right to the point.. lot of balancing act need to be done globally to avoid conflict (like war especially) which is hurting growth. More innovation and investment in space sector need to be promote. There is a huge potential but also high risk.

[sergedalli]

Anyone knows the watch Macron is wearing?

[xbpqfhr]

The truth is that France represents true democracy and the reform of freedom. And I like Macron as a governor and I don't want him to look away 👑🙏

[emmanuelx]

So well done Mr President. That journalist wasn’t really skilled at asking questions tho.

[frenchtranslator]

Excellent : "Cognac, Armagnac, fashion and all this... stuff." 😂 Love my president. And don't be mistaken: when it comes to red tape, France has made tremendous progress. It's incredible how many things are easy to do now directly online. If we were lagging behind in the past in that respect, we are probably frontrunners in that field too now.

[romagonish]

When you hear " I'm support green energy" the meaning is that "I don't want to relay on USA or OPEC in my energy sector" and I always support this. Stop taking "green" energy as proclimate issue, it's always more about energy independence. The great example is Germany with their play of cheap energy and now falling into deep recession due to energy dependence on cheap gas from russia. You can see the China where government effectively balance between "green energy" and make all steps to reduce their dependence on foreign resources. The same for electric cars. Electric car it's not about green energy its about independent source of fuel (electric) which can be generated inside the country without any dependence from abroad. And that's why Europe move full electric and USA and GB screaming STOP electric and go oil car and other narrative.

[johnoldfield]

Not a fan of tariffs clearly and a fan of tariffs clearly.

[mikeullyett]

EU has tough decisions to make. Follow the US down the drain or find it's own way.

[gdwtoiy]

you cannot compete with heritage cultural businesses, and their names Europe has it, France has most of it in its wine's cheeses fashion couture, fashion jewelry perfumes/ fragrances and so on.. and rest of what is cultural heritage names, it's foolish to even compare with them...those heritages evolved over long times...its that value, snob or not already created and with reason.. all of it with standards and quality

[sambones]

3:00 bro, you can't not mention the fact that us has a lot more ressources (land, oil, minerals) and that plays a lot in energy prices and raw materials, for competition. It's not as simple as saying some countries are lazy and not others

[johnoldfield]

What about supply constraints of consumer markets like upper class housing, work buildings, food quality, personal and or population quality, education quality?! Flexible finance policies?!

[ccpirom]

In fact, from the perspective of national independence, political influence, industrial base, consumption capacity, geographical location, etc., Franco-Chinese cooperation on new energy vehicles is the best choice, and I believe that China is also willing to do so if Mr. Macron does not only listen to the teachings of the Americans. It is also the only chance for France to replace Japanese, South Korean and German cars in the automotive sector
French design + Chinese mechanical and electrical technology + Chinese cost-effective accessories + French assembly + EU, Africa, Middle East market, is a perfect cooperation. However, beware of attacks by the Americans on China and France from behind

[pawel]

Macron has a lot of backbone and bite, in contrast to Scholz.

[seanlander]

France business like? This is the country that insists that the EU continue the punitive trade embargo its inflicted on Australia in favour of trading with Russia.

[johnoldfield]

Can’t just take over other branded banks with one branded bank?

[oznnjwp]

Macron communicates easily and fluently in English. 😏

[DansTonQ]

As a French Mechanical Engineer speaking fluently 6 languages i can tell you respectfully that this all just BS.
First of all i saw the catastrophy and nightmare in our automotive industry where national producers thought it would be way more profitable to delocalize the production centers and RandD centers to eastern Europe Romania not to mention it.
10-15 years later these companies are now de ad akd that's exactly what i understood.
Furthermore, imagine that our National Debt increased of nearly 800 billion $ in only 7 years.
Our Pension System has been reformed 3 ou 4 times in 10 years. French have to work 43 years to get a COMPLETE pension...That was only 37 years 20 years ago.
I'm ready to bet one of my 2 ba lls that this will be soon 45 and maybe 47 years soon very soon
You just have to know that the so called French Millenials or Digital Natives they leave France en masse that is by Millions.
If you obce thought France was a mighty wealthy country YOU WERE WRONG
Au revoir et merci !