The China Mail - Macron to raise defence targets, citing Russia threat

USD -
AED 3.672503
AFN 66.40135
ALL 83.577028
AMD 382.730415
ANG 1.789982
AOA 916.99937
ARS 1419.988799
AUD 1.530421
AWG 1.8075
AZN 1.726725
BAM 1.692008
BBD 2.014958
BDT 122.146716
BGN 1.69191
BHD 0.377032
BIF 2946.886653
BMD 1
BND 1.303554
BOB 6.938286
BRL 5.291202
BSD 1.000502
BTN 88.679433
BWP 13.388763
BYN 3.410355
BYR 19600
BZD 2.012017
CAD 1.402295
CDF 2147.999849
CHF 0.805055
CLF 0.023909
CLP 937.9395
CNY 7.11965
CNH 7.121415
COP 3753.72
CRC 502.320833
CUC 1
CUP 26.5
CVE 95.624995
CZK 21.0116
DJF 178.159229
DKK 6.45983
DOP 64.249724
DZD 130.504961
EGP 47.259948
ERN 15
ETB 153.632223
EUR 0.865203
FJD 2.278987
FKP 0.760102
GBP 0.759075
GEL 2.705032
GGP 0.760102
GHS 10.944671
GIP 0.760102
GMD 73.000141
GNF 8684.668161
GTQ 7.66845
GYD 209.299207
HKD 7.773945
HNL 26.322961
HRK 6.519401
HTG 130.986988
HUF 331.919547
IDR 16697
ILS 3.23525
IMP 0.760102
INR 88.70745
IQD 1310.523812
IRR 42099.999792
ISK 126.480273
JEP 0.760102
JMD 161.038579
JOD 0.709009
JPY 154.139018
KES 129.213757
KGS 87.45037
KHR 4015.000267
KMF 420.999761
KPW 900.001961
KRW 1456.179725
KWD 0.30709
KYD 0.833687
KZT 524.097063
LAK 21722.392837
LBP 89583.978546
LKR 304.200009
LRD 183.077329
LSL 17.192699
LTL 2.95274
LVL 0.60489
LYD 5.459328
MAD 9.261661
MDL 16.981703
MGA 4494.683382
MKD 53.222318
MMK 2099.688142
MNT 3580.599313
MOP 8.009828
MRU 39.728682
MUR 45.860477
MVR 15.404997
MWK 1734.887222
MXN 18.379596
MYR 4.163022
MZN 63.959822
NAD 17.192699
NGN 1436.610157
NIO 36.813372
NOK 10.130996
NPR 141.895686
NZD 1.771746
OMR 0.384498
PAB 1.000428
PEN 3.376575
PGK 4.223805
PHP 58.970405
PKR 282.888599
PLN 3.66405
PYG 7087.087607
QAR 3.64632
RON 4.399041
RSD 101.391977
RUB 81.250681
RWF 1454.218254
SAR 3.750503
SBD 8.230592
SCR 13.741165
SDG 600.494403
SEK 9.513475
SGD 1.302425
SHP 0.750259
SLE 23.236536
SLL 20969.499529
SOS 570.768552
SRD 38.496504
STD 20697.981008
STN 21.196889
SVC 8.752974
SYP 11056.839565
SZL 17.189528
THB 32.349855
TJS 9.26848
TMT 3.51
TND 2.953357
TOP 2.342104
TRY 42.238603
TTD 6.785761
TWD 30.9811
TZS 2455.599549
UAH 42.069631
UGX 3511.534252
UYU 39.804309
UZS 12020.018946
VES 228.194043
VND 26300
VUV 122.518583
WST 2.820889
XAF 567.53013
XAG 0.019786
XAU 0.000243
XCD 2.70255
XCG 1.802933
XDR 0.705825
XOF 567.52522
XPF 103.174569
YER 238.530785
ZAR 17.144055
ZMK 9001.208506
ZMW 22.634213
ZWL 321.999592
  • RBGPF

    0.0000

    76

    0%

  • CMSD

    0.0600

    24.16

    +0.25%

  • SCS

    -0.0200

    15.74

    -0.13%

  • NGG

    -0.4200

    77.33

    -0.54%

  • CMSC

    0.0400

    23.89

    +0.17%

  • GSK

    0.7300

    47.36

    +1.54%

  • RELX

    -0.2400

    42.03

    -0.57%

  • BCC

    -0.8100

    69.83

    -1.16%

  • AZN

    2.9000

    87.48

    +3.32%

  • JRI

    -0.0600

    13.68

    -0.44%

  • RYCEF

    0.0200

    14.82

    +0.13%

  • RIO

    0.9600

    70.29

    +1.37%

  • BCE

    -0.2500

    22.94

    -1.09%

  • BTI

    0.8300

    55.42

    +1.5%

  • VOD

    0.1200

    11.7

    +1.03%

  • BP

    0.5400

    37.12

    +1.45%

Macron to raise defence targets, citing Russia threat
Macron to raise defence targets, citing Russia threat / Photo: © POOL/AFP

Macron to raise defence targets, citing Russia threat

President Emmanuel Macron on Sunday called for a massive boost to France's defence spending, saying freedom in Europe was facing a greater threat than at any time since the end of World War II.

Text size:

"We are living a pivotal moment," Macron said in a speech to the armed forces on the eve of the national Bastille Day holiday, denouncing "imperialist policies", "annexing powers" and the notion that "might is right", all a reference to Russia.

"Never has peace on our continent depended to such an extent on the decisions that we take now," said Macron.

France faced the challenge "of remaining free and masters of our destiny", he added.

Macron said France's defence budget should rise by 3.5 billion euros ($4.1 billion) in 2026, and then by a further three billion euros in 2027.

- 'Present at their battle stations' -

"If you want to be feared, you must be powerful," he said, calling for "mobilisation" for national defence by all government departments.

"Everyone must be present at their battle stations," Macron said.

"We are still ahead, but if we remain at the same speed we will be overtaken tomorrow," he added.

French military and security officials have been warning of global threats weighing on France, with Defence Chief of Staff Chief Thierry Burkhard saying on Friday that Russia posed a "durable" threat to Europe and that the "rank of European countries in tomorrow's world" was being decided in Ukraine, invaded by Russia in 2022.

Russia currently views France as its "main adversary in Europe", Burkhard said.

He also warned of the consequences of a diminished US commitment to Europe, along with cyber threats, disinformation campaigns and the risk of terror attacks.

"We have to take account of the fact that there has been a change in strategic parameters," he said.

On Sunday, Defence Minister Sebastien Lecornu weighed in, telling the La Tribune weekly newspaper that "it's our job to provide answers".

France needed to make "a new effort" if it wanted to "depend on nobody" in the future, the minister said.

France's defence budget has already increased sharply since Macron took power, rising from 32.2 billion euros ($37.6 billion at current rates) in 2017 to 50.5 billion currently, and is projected to reach 67 billion euros in 2030.

- 'Sacrosanct' defence budget -

If confirmed, the major defence spending boost could, however, threaten French efforts to cut deficits and reduce its debt mountain, amid pressure from the EU Commission on Paris to impose more fiscal discipline.

The servicing of France's debt alone will cost the Treasury 62 billion euros this year.

But Prime Minister Francois Bayrou, who on Tuesday is to outline his budget plan for 2026, has declared the defence budget to be "sacrosanct" and exempt from budgetary cuts.

In Sunday's speech, Macron rejected any financing of the additional defence spending through additional debt.

Several NATO countries are boosting their military spending, after the alliance's members agreed last month to spend five percent of their gross domestic product (GDP) on security.

Britain aims to increase its defence budget to 2.5 percent of GDP by 2027, and to 3.0 percent after 2029. Germany plans to reach a defence budget of 162 billion euros by 2029, equivalent to 3.5 percent of its GDP, while Poland already dedicates 4.7 percent of GDP to defence.

"Very clearly, we need to revise our programming and strategy today, in light of the changing nature of risks," Macron said on Thursday.

Lecornu this month detailed the most urgent needs for the French armed forces, including ground-to-air defences, ammunition, electronic warfare and space capabilities.

In Sunday's interview, he said France was mostly worried about falling behind in "disruptive technologies" including artificial intelligence and quantum technology.

Beyond budget increases, the French government is also seeking to boost "national cohesion" in the face of global crises, Elysee officials said.

Macron is expected to outline a potential mobilisation drive for young people who should be given "an opportunity to serve", Elysee officials said.

W.Tam--ThChM