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Espreso Global Russia-Ukraine war Macron puts France's economy on war footing

Macron puts France's economy on war footing

13 June, 2022 Monday

23:05

Russia-Ukraine war

President Emmanuel Macron has said that France's economy is being put on a war footing and increasing its military spending accordingly.

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This was reported by Ouest France.

Macron plans to revise the 2019-2025 military spending law to bring it in line with the threats the country now faces.

"I have asked the Minister and the Chief of the General Staff to re-evaluate this military programming law in the coming weeks, looking at the current geopolitical situation. France has entered a military economy in which, I believe, we will organise ourselves in the long run" Macron said.

He called the EU to develop a strategy to strengthen the defence industry.

In 2022, France's military budget had increased to 40.9 billion euros, and to 2025 it is planned to reach 50 billion euros.

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