French President Macron on EU Spending, Banks M&A, China (Full Interview)
ฝัง
- เผยแพร่เมื่อ 30 พ.ค. 2024
- 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.
Read more: www.bloomberg.com/news/featur...
Newsletter: www.bloomberg.com/news/newsle...
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on TH-cam:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
--------
Man has the most French accent lol
He IS the French president though
at least he can express
himself in English which wasn't the case of former French presidents.
after all English is not the language of all coutries
could be way worse
Wow, unheard of coming from a french president 😅
@@toyoashihara6242 Chirac was able to speak English!! He lived for a specific time in USA in his youth!!
De-coupling, de-risking, now over-capacity... whatelse these Western countries can do to compete in a so-called free trade regime they created?
good question
In human history, there's never a rule/value/system/regime that can work forever, because the world is changing all the time. Five decades ago, nobody would have believed that China could achieve such accomplishments. And this will happen again and again to South America, India, South Asia, Africa. The rise of China and other developing countries is so fast and unstoppable and the concern of Western countries is reasonable based what they have done to this world in last 200 years.
The key is to find a new "fair" game rule. The fairness should be apllied to both developed and developing countries. Rule makers should put the future growth of developing countries into consideration. Otherwise, it will not be a surprise that WW3 will finally happen.
embrace industrial policies (fancy name for sponsoring , subsidizing, coordinating, developing industries by state itself) like china has done decades ago. Hard to catch up. companies cannot compete against Whole China state apparatus so it is necessary to do it to survive.... But overall, leave everything to private capitalists has showed like a bad policy for the world anyway so this will bring better living standard....
War
Fake post
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!
You shouldn't need subtitles. His English is very fine tbh
Are you meaning the captions auto-generated by machine? Nah. The machine doesn't comprehend too well English with French accent.
But as someone (Stoneface_) else said, Macron's English is 100% intelligible. One can do without the captions, if proficient in the English language.
I reside somewhere more than 7000 miles away from both Paris and New York, still I understand Macron perfectly.
Sorry you dont understand english?
@@DanielMcBrain closed caption are important for people who have hearing problems :)
@@Sebastian-cu2zq true, apologies
Macron communicates easily and fluently in English. 😏
A country with a limited population, gdp per capita, and small territory is going to find significant challenges with extensive and large population countries while trying to find a fair level field to trade. Countries are not equal, and thats the fundamental idea of free trade
🇫🇷: We cannot survive if other countries act as if they were independent countries and sovereign, I mean, who the F they think they are ? China is creating its own laws to subsidies its own industries ( Unbelievable ! ), and America is also passing its own bipartisan laws in order to shield its relevant industries. WE CANNOT play/ trade this way. Until everyone accepts the European Union as a whole, we will never have fair trade and fair practices.
Ita not about what you can do for your country, go deeper, instead it is what you can do for France 🇫🇷
Anyone knows the watch Macron is wearing?
I believe it’s an LMM-01. It is based in Paris I think. He wears this one rarely and with different brand colors ( I hope my English is OK😂)
Probably a Blancpain
@@USVVMZ BRAND IS MERCI
LMM-01 Merci is the watch I think
great interview
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
What ???? The EU destroying EU countries!
You couldn't be more wrong
OK boomer
Mais c'est son but, il veut devenir président de l'Europe
@@Akika..47Il est pas lâche, les français n'ont pas à se battre pour l'Ukraine
The interviewer is skilled!
I like Macron. SMART man.
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
you are clever❤
France: The way is too damn hard, I yield!
Replace German car?? You do realize that Germany is a part of the EU? 😂
Only a French sovereigntist with a clear lack of understanding of the contemporary dynamics could write such a unrealistic comment.
Sounds like an AI-generated fake posts by a Chinese agency.
They don't deserve him. Legend
Yes the world doesn’t deserve France I agree
@@ThomasThomas-fl2qg okay, I'm french and I really don't understand why you say this, explain it to me
@@nevada284 no one asked
@@ThomasThomas-fl2qg True 😂
Not a fan of tariffs clearly and a fan of tariffs clearly.
EU has tough decisions to make. Follow the US down the drain or find it's own way.
What do you mean? US has the largest growth of all industrialised nations. The US is building insane amounts of renewable and atomic energy to become more indepedent and at the same time has a huge oil industry which now exports a lot more thanks to US foreign poliy. The US has the best labour-market if looked at through the eyes of a worker because of the lowest unemployment rates since decades. What Macron wants is to catch up to China and the US because he knows that Europe plays a junior role in the conflict between the US and China. That is why he wants a more connected european union.
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.
So well done Mr President. That journalist wasn’t really skilled at asking questions tho.
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.
French electricity is now controlled by Russia right now.
Olympic lamp from Marcelle to Paris 🎆
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?!
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
it doesn't mean that the country is not, on top of that, lazy
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.
We were making more money trading with Russia than Australia. Unfortunately, he decided to align with USA POLICY
Great work by macron 🎉
🎉
what a great man
Wow , as a french speaker i can basically say , that is the first time i have seen someone talking about this man in a good way
@@_Inma 90% of French are never happy about anything.
@@Paul-fg6mk most french like Macron. It is jsut that the most expressive one on youtube/twitter are the haters because they dont value their time
With love from Ukraine! Respect MACRON
To bad Western leaders are not voted in by Ukraine... because they act like it's Ukrainians who's opinion is more important than the citizens of their own Nations...they shit on US and keep sending our tax money to Zelinsky the Cokehead Clown of Kiev..And he keeps sending cannon fodder to the front to die. Meanwhile the Cites here in the US are full of homeless and criminals stealing everything that's not nailed down...Like Zelinsky said don't worry about our roads...don't worry Biden hasn't been.our infrastructure is falling apart nationwide... America is shell of its former self...been a downward spiral since the 1970s....I was born into dieing empire who was selling its industrial base to Asia....you drive around western Pennsylvania east ohio west Virginia, once steel mills coke plants coal mines are all gone hundreds of towns and small cities are scattered around...broken rusted little shitholes. The great past is gone, out sourced by greedy traitors....it's like this up and down the east coast.yes there are many wealthy people still here. But the gap between the wealthy and poor grows and the middle class is srinking.Our idiot government keeps printing dollars....our debt is massive...and the bubble will pop. And when it does nobody will rescue the US. So hey Ukrainians,get up and get rid of that idiot in Kiev. We're on the other side of the earth. Russia is literally nextdoor to you. It's not going anywhere, you have so much more in common with them than us. Stop the mindless suicide, you need a leader who cares about the people of Ukraines future.. weapons are not going to bring a great future, it's what is keeping the literal destruction of the seeds of your future.A path of self destruction was chosen in 2014...Scum like Victoria Nunland pointed the way, lies a better future or just that lies. We here in the US are greedy and self centered and our government uses nations like condoms. Soon you will be put in the trash and forgotten.Wake Up
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.
Ah oui la transition numérique grâce à Macron, t’es perspicace toi…
Can’t just take over other branded banks with one branded bank?
Countries all want to protect their car industries, when all their people have been begging them to do for years now is to fix the Fentanyl issue, even if it means war, or a 100% very painful split, just do it already, get it done & stop just always endlessly talking about it when only thinking of yourselves for a change would you please!
Capital markets union is necessary.
We miss our UK friend in Europe !!!!! 😢
Nah, they can stay where they are. Arrogant brits...
Macron has a lot of backbone and bite, in contrast to Scholz.
none of any Nation's heads of this world, have clear data with them in which they can reel off figures and real picture of economy which industry of theirs is doing well and why, from biggest to your local market vendors, with confidence...
11:59
He decided to pronounce all the French words in French rather than in English 😂
Excellent President 🇨🇵
Macron says we as Europeans should not apply Basel IV yet because the USA do not, but we still apply sustainable regulations which the rest of the world does not apply yet. Not very coherent.
he is saying that the US is doing hell of a lot less than EU which makes EU less competitive.
@@Justanother1ne No, he says we shouldn't apply Basel 4 and Solvency 3 in Europe because USA don't, but we still apply SFDR and CSRD (sustainable regulations) which only us apply in the world. Not coherent as I said.
France is very worthy of being a superpower from my point of view
FRANCE lost all Sahel' to Russia n China. Without USA 🇺🇸, Germany is biggest problems to France 🇫🇷
TAX TAX TAX
@@user-oz4nn3jw8pWe do see the taxes we pay. For example, social security, hospitals, public transportation… Other countries don’t even have that.
@@christianeduardo1 shity public services
@@christianeduardo1 Totally agree, and since the reforms on capital gains and corporation tax it really is a bargain to set up shop and be living in France.
Is that A.I.? I never knew Macron spoke that good English
It's not AI
Its cocain my friend😏
@@Gramet-sc1ki TBF we all see that this sport is popular in politics in general
@@MetaverseYes Yes but we got a champion my friend.
Clairement Macron surjoue le French Accent ici, mais pourquoi ?
🤒🤭🤫
Stress says the commenter before you
Je pense qu'il a perdu son accent anglais!
Plus dur de répondre directement sans un discours écrit avant
👍
As an exbanker "litlle napoleon" knows the talk
but, his performence its been pathetic...
@anthonio…: why always looking for Napoleon, Isn’t he dead?
This video deserves a better comment
The man has already been President for 7 years. His country is worse than he took it over. A chimera presenting monkey.
Try to get his job then, Mr. Ex-banker
What a joker. Always sacrificing people to save money , make policy or begging for more money without people in consideration. Must remove this kind
Yeah good idea, lets consolidate banks we need more too big to fail banks, what could go wrong
You have no idea what you’re talking about
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
France is Back 🇫🇷 🔥 💪🏻
France is lost
🇫🇷🇫🇷🇫🇷🇫🇷
✊🏻😊
I respect Macron, he speaks his mind! But if he does not listen to the French Peasants they will revolt! Therefore, let’s address the Greed Issue.
it is coming
French peasant = less than 1 pct of the population
I don't agree with his position on some civil rights but unfortunately he's the only competent European leader right now
😂🤣 hés not absolutely not. Economic chaos in France ints a disaster.
❤😊First you have to start with the recovery of trade and the road construction industry, it is as if the inflation system is a new revolution ❤❤
Say what you will, his vision for the future of Europe is the only one that can ensure it survives. A strong alliance with common frameworks and policies, public-private partnerships and a leading yet uncompromising geopolitical approach. This is the future of the EU🔵🟡
“I want […]” We have to […]” This President sounds powerless which is actually the reality within the EU framework…
Macron is extremely selective in his description of his work and achievements. There is a key figure that tells everything. It is public debt in relation to GDP. What this key figure says with all clarity is that capital allocation in France is horribly lousy and harmful.
that is a non sequitur comment, there is no relation between public debt/ gdp and mediocre capital allocation... the US is a perfect proof of that.
@@BStrapper Capital allocation affects the numerator in the formula you mention. Period.
In addition to his technical acumen, *Michael Hugh Terpin* also stands out for his integrity and transparency. He maintains open communication channels with his clients, providing regular updates, insights, and recommendations based on market trends. This level of transparency instills a sense of trust and confidence, making the trading experience with him not only profitable but also enjoyable and stress-free.
Macron is a genius.
😂🤣 So if Macron is a genius .. if you learn a little about historical figures in France you will meet gods !
In Italy when someone loose the nut we say 'he believes to be Napoleon' that what Macron believe
to be.
Italy rhimes with fascism.
@@popicelolly UK rhimes with barbarians, ignorance, violence and colonisation.
Yep , reform of labour law towards a 35 working week - it's already super hard to persuade the french to retire by 65 , only 2 more years & their are strikes all over France - but macron thinks France is competitive ...🤒🤭
World is not the same as it was before. Macron is bringing the change that is needed for Fr/Eu economy, which is ageing fast and losing competitivenes fast (i.e. gatting poorer). If not for reforms, we 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.
@@Rei_n1 both of you are wrong.
France is not ruined by the retirement AGE but by the AMOUNTS of retirements : 350 billion A YEAR
200 BILLION ON THE HEALTH
250 BILLION FOR COMPANIES
80 BILLIONS ON FOREIGNERS WELFARE
We need to cut all of this.
@@pierren___ well that may be a bit extreme but yes change is needed
We want to create good jobs ,Macron sounds a lot like Trump (but with a French accent ) saying that kind of stuff , 6:51 wasn’t the main advantage of the single market that you can do business in Europe without worrying about the internal borders like in the past , I mean now it turned out that those barriers are still there , get rid of them Macron
???????
Alors pas du tout Macron est contre Trump et n'a pas du tout n'a même vision que Trump. Un président qui veut de l'emploi c'est normal
Monsieur President nothing will be clear unless you do the head count and work job resources of all work count and have that data with you every city wise every state wise.. which all politicians' heads should do so you have clear picture of where your nations labor work force is headed along with work labor sources as to how many are working and how many not, and reasons behind... every bussiness accounted for, every work source and population with it... that's all what life is about in modern set system, taking birth getting ready young force for work and have a life through it combating ever problem
❤❤Love Macron there France is a country of great history of Economic Revolution in god Macron believe everything will be fine ❤️🙏
Energy is far more expensive in France than in US china or Russia Europe been ruined by COVID war in Ukraine plus cost of energy it is just the new African country of the world 😢
Thanks for not exaggerating!!
Could you please keep him in the London Tower ?
Can’t get a visa after Brexit. Another benefit ?
Entre progressistes... Oust
Macron ❤️
Politicians and media Still pointing to the pedo corner
EMMANUEL MACRON SPEAKS ENGLISH LIKE HIS FIRST NAME IS MICHAEL ! MICHAEL MACRON IS THE MAN.
Pleasant to hear such a man, France should be proud of him
Not so much…! He's the burden of France ! 1000 billions euros of debt in 7 years ! He's ruining France…
No were not at all 😂
I believe that an comercial and Intelectual agreement EURO-Mercosur trade deal would be very good for all Europe.
Yes, Maron is right. France is the most predatory country in terms of taxation in the world. It is the state with the most public administration employees per capita. It is the country that rewards those who do not work the most. etc. etc. He is right, investors are rushing to invest there!! 😂😃😂💪
I agree on your point, 'rewards those who do not work'. Because there are people misusing this system very badly.. My opinion is that there should be a mesure and reward points. People should be recognised by there contribution and give them the reward (not award please in terms of %value) so it motivates others to do the same.
Macron dreams and tries to change that, but in France it's almost mission impossible. As soon as a French president announces that there will be cuts in the public administration, millions of people are on the streets the next day and they continue until they get their way. French society is stagnant and closed.
Xi will see Macron like a kid…
Just like Macron's husband.
And a gay
Beware: he is a ROTHSCHILD Reptilian bloodline.
and we see XI as Winnie-the-Pooh
@@zobeats7681 the global majority dont
Right , let the bank gamble the money like the U.S and crash the economy..
President Macron, thanks for your wife. She is lovely and im always down to see her lovely body again. ❤ I know TMI. My love.
2nd, The Netherlands is 1st.
No
A waste of Time
Best strategy I have ever seen in my life Soo far. I tried this strategy on my demo account and I won 38/39 trades Soo far with this strategy. I will practice for about a week more and move to real Account soon. Thanks , I really appreciate. I didn't make a mistake subscribing to this channel. Thanks once again.
Jeez, Macron generally speaks decent English but, when under stress, his accent becomes unbearable. Very hard to follow what he's trying to say in that interview. 😮
Not worse than any texas citizen 😝
@@vermicelledecheval5219 You wish! 😄
For God's sake, France. Get this guy out of office ASAP‼️
could be lot worse... just look at Britain!
And why, may I ask?
@@kindface You and the guy up here haven't been to Paris lately. Just go take a trip there for a week and you'll understand what i'm talking about! Paris is unrecognizable! It's just as bad as London! There's criminals everywhere!
His "wife" has a pen!s. And France had pretty much been a joke since Napoleon got defeated at Waterloo, despite the white high school students I remember who took French because they thought it was high culture and "classy"
He is actually the best in the last 60 yrs.
他这英语的法语口音还真重
Vous ne le voulez pas?? On vous le donne volontier.
Ça vous intéresse de l'échanger pour Trump ! Oui ? Alors vous allez réaliser rapidement qu'il est bien meilleur que la majorité des autres leaders de ce monde.
@@Paul-fg6mkOui Trump c’est 4 ans sans guerre, des baisses de chomage incroyable, une rencontr ehistorique avec la Corée du Nord . Record des chiffres de l’insecurité en 2023, une catastrophe economique, les travailleurs encore plus sollicité, l’accueil de toute la misere du monde. La on est à 2 doigts de la guerre avec Poutine il vient d’envoyer des instructeur sur le sol Ukrainien pour guider les tirs ukrainiens sur les russes.
Where is her boyfriend?
Which one ?😂
@@Gramet-sc1ki 🤣
Germany still holds the power in the EU; it is the boss.”
“This guy just wants to be the leader of the EU, but there are no chances for that!
Idiotic comment
What do you mean France IS leading the EU right now 😂
So proud as a frenchman to have this Goldman Sachs trained President. Go Emmanuel !! Looking forward for the 3rd term of your Presidency.... Shit I forgot that you couldn't fix the elections as some .... autocrats
He is too naive that crying for “fair play” before Xi… this will be interpreted as weak and attempt to stop China from realizing its ambitious national dream. I bet Xi will see this French likes kid.
Here we have two grandgrandpa Biden or Trump😂
You go around proclaiming that Xi disrespects Macron. Care to explain why?
On the contrary they signed 28 deals on "fair play". It's in Xi's interest to reward anyone who wants to play fair, because the Chinese economy is highly competitive.
The bullying of weakness is embedded in American ideology. Look at your neighborhood and community, company -- what US believe is “ if not say no, it’s means ok” as told by driving school, right ? To test boundary and people’s limitation … such a good way to irritate society , don’t you think you ?
What has Xi done for you to think he is evil?
Did he invade countries all over the world?
Establish 800 military bases aborad?
Push military allience?
Conduct military coup?
Spy on everybody?
You can dislike someone base on your imagination, don't ecpect me to do the same.
Fine man and President, Emmanuel Macron.
Idiot shill
You can't see he's trying to get money from America like Zelenski? at 6.20
Whatever he said, it's all BS. Don't trust him.
No he’s doing good for his country
@@OmarOsman98 Nope. He's just a puppet anyway.
Der Mann sollte lieber mehr nach französischen Problemen schauen wie sich gegen jeden anzulegen
There is something about him that makes me think that he is just mad because he depends on us 😂
Macrons accent is not normally this strong
Can these western journalists avoid mentioning Vladimir Putin in any interview? In Russia we say "Vladimir Putin is in your head"😂😂😂
His wife is beautiful 👍🍑🌹
Wife ?
Having this abomination for one of the leading EU countries says everything about the EU future. 😢😢😢
Ask the Brits if the EU is an "abomination." They will tell us until July 4!!
Il ne défend pas les intérêts de la France il fait le contraire
Magic Macron 💪🇪🇺✝️
Ouch. 312 commentaires en 2 semaines. TH-cam is not pushing this video...
macron demission
What a logical argumentation you demonstrate here…just missing a yellow jacket!
For which reason(s) ?
Tais toi tu fais honte la
Bla bla bla.. France is collapsing at high speed and this giy is the cder in chief... Choose france means selling what remains of france to other country.. Capital market open to the world from the employee of international capital... Pathetic as his english accent!!!
Calme toi Bernard
You should apply to Harvard or La Sorbonne because you have just demonstrated incredible analytical skills. You are a natural-born political scientist. You really are!! Also, take some English courses, because your English is "pitoyable".
@@Paul-fg6mk mêlez vous de vos oignons vous c est notre président et il nous l enfile depuis si longtemps et vous parlez d études mais vous vœu prenez pour qui vous ?
Commence par défendre la langue française
Catastrophique ... nous allons finir chinois 😢
is his husband another big mike
can't wait to see Africa take their gold back.