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Saturday, January 28, 2023

Macron explains the “desynchronization” between Europe and America

French President Emmanuel Macron has drawn attention to the “desynchronization” that marks relations between Europe and the US due to high energy prices.

“I think this administration and the President [Joe] Biden is personally very involved with Europe. But when you look at the current situation, there is actually a desynchronization,” Macron said in an interview with CBS on Sunday.

The president explained that industries and households in the US and Europe buy gas and oil at different prices, while the North American country continues to sell natural gas at prices higher than US prices. Meanwhile, inflation and unemployment are around 7% in France.

“Europe is a buyer of gas and oil. America is a producer, and when you look at the situation, our industries and our households are not buying at the same price. So there is a huge gap that affects purchasing power and competitiveness. does.” of our societies,” he said.

At the same time, he expressed that he intended to be an ally, friend, and partner with Washington, although he stressed that he did not want to be dependent on it. “I want to be committed to America, but I don’t want to be dependent,” he said.

He also described the new Inflation Reduction Act (IRA), designed to accelerate the US transition to a low-carbon economy with subsidies and credits for European industry, as a “killer” for European industry. American made electric cars.

“The level of subsidies is now two or three times higher in America than in Europe. We are fully aligned in this struggle,” he assured, adding that the recent decision by Washington has consequences for Europe that are detrimental to .

“If the result of the day after the conflict is to be a weakened Europe because a good part of its industry has died, I think it is not in the interest of the American administration and even of American society,” he declared. Of.

World Nation News Desk
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