French Minister of Economy and Finance Bruno Le Maire speaks to CNBC’s Charlotte Reed about President Emmanuel Macron’s campaign pledges to unwind dependence on Russian gas and Asia semiconductors in what he describes as the end of “naive globalisation.” He speaks less than one month ahead of the first round of the French presidential election.
Good description, ‘the end of naive globalism’…Putin ( the poisoner and murderer before Feb.24 ), the financial corruption around Putin, oil and gas and Putin and all the methods Putin uses to stay in power. Luckily, most of us who live outside of Russia we won’t be poisoned, imprisoned or murdered for writing or talking about how corrupt Putin is and what his regime is like. Then of course some people and a European country acts like it’s ‘holier than though when they conviently forgot all of those things about Putin due to deals connected to oil and gas with Russia ‘ ( not all of them have that attitude, some just needed oil and gas ). The holier than though attitude, Norway, Russia and oil deals and investments in Russia. At least some European leaders will openly admit what was a bad decision when it comes to Russia, don’t ever expect that to come from Norwegian politicians, oil companies etc because it has to do with an attitude that they ‘were never wrong and they didn’t listen to the warnings that were given and where the warning came from’. That is typical from some Norwegians, instead it’s ‘let’s not talk about that and continue with the holier than though attitude’. It isn’t just Putin that is ‘annoying’ in this situation.
Globalization is a myth. White supremacist Europe needs to be left alone and the US needs to EXIT NATO.
And when the time they face the real price, they’ll cry regretting what they say. EU is done.
Buying “blood hydrocarbons” to save a nickel has ramifications?!
Really?!
At 1:25 in the video, Le Maire equates the US and China, perhaps reflecting a US vs Europe attitude overlapping with that of former Pres. Trump. He talks about economic independence, but doesn’t mention military independence. Americans need Europe to be independent in *every* respect.
How many Venezuelan people died do that America can force them to provide cheap oil?
They dont want to depend on anyone is good, but they want to depend on usa ,that is bad
Bad for you.
How to achieve independence if you still follow orders from other countries?
No more dependent on Russia gas but dependent on US Gas instead.
Not great; not terrible. Russia, by contrast, always terrible.
@Miki Cerise depend for who. Gas consumer should have the choice (with dedicated contract instead of that forced sale)
@Miki Cerise Well you haven’t seen the price of US LNG yet 😮😮😮. It needed to be cooled down by 160 degrees to be in a liquid form and store at that temp for shipping.
So it is gonna cost you at least 40% more than Russia Gas which the whole European wouldn’t mind. Out of €128 billions for Russia Gas will be €180 billions for US. Oh another thing is US accept payment in only USD.
@Defcon 1
Which is the Global Reserve Currency anyway, so… 🤷♂️
No we aren’t 👉 decimates challenger’s to Uncle SAM westerns democracy ✔️. That are Russia and CCP china both communist. They threat to world order. Obliterate both Russia and China CCP system’s, so we have peace . Let westerns sacrifice something to preserve our domcartic values
👉 Communist characteristics system is threat to democratic world.
+178 countries with western Westerns USA as domacrcy. Only Russia China threats to all our domcartic systems. Let’s us fight togetherness to preserve this value in world for peace…….
The equation of US and China is only with respect to supply chain dependence on certain products. Nothing more. As an American, I do not take his remarks at all as a US v Europe attitude. Europe wishes to be less dependent on crucial technology and raw materials from outside the EU and given present circumstances, who would not? Europe as a sovereign entity in all respects is a huge plus for the USA and we should continue to coordinate and mutually support one another and Ukraine in this terrible conflict. Vive la France! Slava Ukraine …
You appear to agree that Le Maire equates dependence of European supply chains on the US with their dependence on China. Fortunately for Europe, Le Maire is wrong in this. The need for European independence makes sense. How about military independence?
Europe and the US have never been closer, and will now likely become steadily closer. Europe, however, is its own sovereign jurisdiction, and the US is another. Nevertheless, the new, less naive globalization needs to take account of geopolitical issues – North America, South America, Europe, South Korea, Japan, Singapore, Oceania – these need to be the focus of trade. We should not have open trade with personality cults or one-man dictatorships – we cannot bet our existence on one strongman retaining his sanity.
He’s so passionate about going green but it’ll take decades to transition, what’s his short term plan?
France has a nuclear baseline, so it’s not an issue for them. The problem is with the antinuclear European countries. They are the ones reliant on gas and coal.
@Miki Cerise
So true. Solar and Wind are fine where they are effective, unfortunately that’s not most of the planet with current technology. Nuclear power is the greenest you can get.
About damned time.
@0:44 Better corrupt oligarchs than transhumanists who want to hack our children’s genes.
This war is far from over. To pimp their antichrist candidate*, the west must ensure Russia’s defeat.
Now that the ukrainians have been equipped with A.I. empowered suicide drones, they will try to stealthily smash russian armour before moving in with their own tanks and infantry. These are conventional tactics.
Russia must hold out until western economies melt. Greatest chance of success will be intense foot patrols with air cover + air strikes.
* Actually, latest one of several young antichrist “leaders”.
There is no globalization.
There is only one culture that is going global. It isn’t Japanese, or Chinese, or Filipino or Pakistani. It’s Western culture that is covering the world, and squeezing out all other cultures until everyone all over the world looks the same. It’s westernization, and it’s killing the beautiful unique cultures that used to exist everywhere.
Political opportunists! Day late and a dollar short as my grand mother used to say..
How nice, You realised this right before the End, Ending consequenced by the unwillingness to admit in due time!
Well done by Macron.
All the countries in the world today are pretty much independent from one another, so for France to say that France needs to come out with everything so France don’t depend on another country is just plain stupid.
In today economy, every country depend on another, that doesn’t mean that there is no independence in it.
Let’s take the US/China, they are pretty self sufficient economically however there is products in which they have to import thus this isn’t by any means that they are depend of the country they buy the products from: this is a trade.
To be independent means you stand by your needs versus you let people dictate theirs needs. Germany is a good example of that, Germany is buying products from Russia, this does not mean Germany depends from Russia. The difference is that if Germany didn’t involve with the US/Eu/NATO, Germany didn’t have to follow what these groups tell Germany what’s to do thus it’s free. However because Germany involved with them, Germany has to impose sanctions accordingly to the will of these groups that show Germany is not independent because Germany rely on them.
Now let’s take India as a good example of independence, because India isn’t involved with the Eu/NATO, India doesn’t have to follow what they do. The only one whom India is presumed to follow is its good ally which is the US. Because India doesn’t see the needs to do what the US is asking, India stays neutral thus its keep its independence from anyone.
France can’t produce everything, somehow France will still needs trades with others thus what’s France did yesterday and do tomorrow will make no difference.
If France wants to be independent, France needs to stay away from Nato/Eu and the US and watch and learn from India then maybe France will find economically independence from others.
There is a pretty obvious difference between relying on others and depending on others. You don’t see It?
SAD TRUTH FOR NATO EXPANSION: Russia gets: ukraine China gets: cheap gas USA gets: European market India gets: cheap oil EU gets: a very cold and expensive winter Nice going EU, your biggest ally is gonna suck your blood dry.
ahaha, why EU officials are so stupid? now listen to this: “we want to be fully independent and this is the new Globalization” well you cant make one-way Trade. it’s impossible, if you want to be fully independent you will not be able to sell or make trade at all.
The end of naive of French colonization of Africa! Get out!
Not for india nor Russia and associates
it took a Donald Trump to get the ball rolling in this direction MAGA – but the war in Ukraine could have been avoided, if Biden had not plotted to fabricate the results – cheated.
and the news media was complicit, dishonest, and deceitful. in effect, they surrendered the West to Putin. it was the heroic Ukrainians that kept Russian Imperialism at bay – a while longer, until they figure out what’s wrong with their command-structure. democracy isn’t the utopia – it is an experiment in ‘equality’ – and a naive one, at that.
Globalisation have suppressed wages throughout, getting people from 3rd world nation etc.
It’s going to be the end of Europe and most of the Russia. What Europe will finally get by defending a non EU and non NATO member Ukraine, simply nothing except suicide. How could you trust Ukraine? It’s ditching and disgusting it’s own genetically half brothers Russians? It would certainly ditch and disgust the Europe and NATO the same way as it did with Russian.
There would be no winner in this war? USSR is disintegrated, most of the Warsaw pact countries are NATO members, some of former USSR states including Estonia Latvia and Lithuania are already NATO member , communism and socialism doesn’t exists anymore anywhere not even in Russia.
Then who does NATO is afraid of? Why does it want to make Europe a scapegoat for a non trustworthy Ukraine that’s neither a member of NATO nor of European Union?
His statements should be worrying mideast countries 🤭
Be safe and beaware mideast 🙈
If you want to be truly independent, first and foremost is military independence. If you can’t do it, you have no condition to ask for independence. The EU cannot be independent mainly because European security depends on NATO. NATO is dominated by the United States.
This guy can talk about independence and self-sufficiency all he wants to but you can’t be independent and at the same time, be at the beck and call of your overlords in the White House.
These plastic polititions get macron to get ukraine to impliment the minsk agreement after all they all put pen to paper its the bloody third world yanks again
With globalization nations depend on each other that means that there should be a collective management of all important issues in the world including security and that ´s exactly what NATO does not want because they want to extend the hegemony of the Masonic clique that controls Europe and America on the whole world .
When Bruno le Maire is speaking about independence he means that he wants a NATO that produces every thing to the point that it does not need to trade with the rest of the world, which is a hitlerian doctrine very indicative of NATO intentions
It is time for the people of the US and Europe to put some order inside their countries and to get rid of those Nazi clowns before this clique sacrifies the people and ressources of Europe and USA to spark wars for the sole reason of being richer and empowering their grip on the economy and politics
Keep on dreaming, your kids don’t even want to go to school 🤗
World’s apart. Hope we come together. However, if we do nothing about the evil that walks the halls Of Our governments… nothing will change.
😂😂.Dont want to depend on cheap Russian gas but dependent on expensive Us gas!!! Damn shit.
Sickos Sickos Sickos, can you live in peace like civilized humans.?Don’t you realizing that life is very short.We are all gonna end up 4 feet underground, sooner or later.
This minister thinks his audience is naive. The US will never allow Europe to be independent. If Europe wants to be independent, it first needs to accurately recognise its dependencies. Recognise that it obeys the US dictated international rules-based order and that the US treats real independent actors like China, India, Russia, Iran, Venezuela, Cuba, North Korea badly because they are independent.
To be specific, you are referring to Western led globalization. My take is that whatever comes out of this conflict will be the birth of a new globalization. One led by the West and the other, the rest of the world….It is extremely naive to think that countries can survive without trading with each other…
US will dominate little Europe and get them to buy US expensive products and energy – I am glad wider world incl BRICS countries will no longer trust western countries again becuase they have shown they did not believe in globalisation but only sanctions and protectionsim – this will now lead to gradual demise of the dollar and euro
He is so naive. EU cant produce the goods because cost will be very high, not competitive for global trade
You’re not wrong generally speaking, but France is actually in a very good position to do quite well for itself. They have an economy that is somewhat separate from the rest of Europe anyway, they have the best demographics in Europe, and they are more energy sufficient than almost any other in Europe as well as still having a reasonably strong military. Germany is going to be in a horrible position, but France will hold its own.
No need of defense sovereignty?
Any possibility of becoming independent from NATO?
They want to be “independent” by wholly surrendering to the USA!
Finally, stupid west