Macron urges European Union to launch joint borrowing to challenge US dollar hegemony

President Emmanuel Macron says the EU must use joint borrowing to compete with the US and China. He argues eurobonds would help challenge dollar hegemony.

French President Emmanuel Macron of France FRFR has urged the European Union EUEU to launch joint borrowing, suggesting the use of eurobonds to help challenge the hegemony of the U.S. dollar. In a statement on February 10, 2026, Macron framed the proposal as a strategic necessity for the bloc to maintain its competitive edge and influence over global currency dynamics.
French President Emmanuel Macron waits for the arrival of a guest at the Elysee Palace in Paris, France, February 6, 2026. REUTERS/Benoit Tessier
French President Emmanuel Macron waits for the arrival of a guest at the Elysee Palace in Paris, France, February 6, 2026. REUTERS/Benoit Tessier
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