France, European allies drawing up plans to bolster economic sovereignty
None
France and its European allies plan to submit proposals to the European Commission that are designed to strengthen Europe's capacity to defend its economic interests, France's finance minister said on Friday.
"There is a realization among all European states what we cannot keep going in the direction we are headed today whereby we submit to American decisions," Bruno Le Maire told reporters when Europe's response to US sanctions on Iran.
Europe needed to toughen rules dating back to 1996, he said, adding: "France, together with other European partners, hopes to present proposals to the European Commission which go in this sense."
