- ‘Issue of Sovereignty’: Macron Wants EU to Be Less Dependent on Dollar
In an exclusive interview with CNN, French President Emmanuel Macron admitted that the European nations have so far failed to provide a viable alternative to the US dollar, and are excessively dependent on the American currency.
French President Emmanuel Macron told CNN’s Fareed Zakaria that currently Europe didn’t have ‘a clear alternative’ to the dollar because “de-facto there is an international extraterritoriality of the dollar due to its strength”.
“Until now, we fail to make the euro as strong as the dollar. We made a great job during the past years but it’s not yet sufficient,” he said, when asked whether the EU will come up with a response to the US withdrawal from the Iran nuclear deal in terms of currency.