Road to French Defense Runs Through Pension Mire
Bonjour et Bienvenue to the Paris Edition. I'm Bloomberg Opinion columnist Lionel Laurent. If you haven't yet, subscribe now to the Paris Edition newsletter.
Emmanuel Macron called for Europe to rearm this week, and not for the first time. The French president pushed the continent to get serious on hard power during Donald Trump's first term, with little success. What's changed since is Russia's invasion of Ukraine, Trump's return as a transatlantic wrecking-ball and Germany's awakening under Friedrich Merz after years of strategic slumber. Throw in the complete sidelining of European allies in the Middle East and it's likely defense spending is headed one way: Up.
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