Stock Groups

France’s Macron says Australia PM lied to him on submarine deal -Breaking

[ad_1]

© Reuters. During the G20 Summit in Rome, Italy on October 31, 2021, French President Emmanuel Macron spoke. Photograph taken through glass. REUTERS/Remo Cassilli

SYDNEY/Reuters – The French President Emmanuel Macron stated that Scott Morrison was lying about cancelling a submarine building contract with Australia in September. It also suggested more should be done to rebuild trust among the allies.

Macron and Morrison met in Rome to attend the G20 Summit. This was their first meeting since Australia pulled out of the multi-billion dollar submarine deal it had with France in the new security alliance announced by the United States in September.

Paris was caught off guard by the new security alliance AUKUS, which would allow Australia to access nuclear-powered submarines. The French ambassadors were recalled from Washington, Canberra, amid allegations that France had betrayed them.

I have great respect for your country. Your people have my respect. Macron said that respect is when you are honest and follow this value. He spoke to an audience of Australian journalists who had traveled to the G20.

Macron was asked by a reporter if he believed Morrison had lied. He replied, “I don’t think so, but I do know.”

Morrison later spoke at a Rome media conference, saying he hadn’t lied. He also said that Macron had already been told by him that traditional submarines wouldn’t meet Australia’s requirements. Morrison said that the work of fixing the relationship has begun.

Joe Biden stated Friday that he thought France was aware of the cancelation of the AUKUS contract prior to its announcement. The President also claimed that handling the security agreement’s new terms had been difficult.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]