IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.30% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL5.07▼ 0.02% USD/MXN17.42▼ 0.03% USD/CLP925.95▼ 0.75% USD/COP3,248▲ 0.38% USD/PEN3.41▲ 0.55% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.20▼ 0.17% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.31% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 1.00% BRENT 85.84 ▲ 1.31% WTI 80.28 ▲ 1.18% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.51% GOLD 4,030 ▼ 0.78% SILVER 58.52 ▼ 0.44% SOY 1,191 ▼ 1.35% CORN 460.50 ▲ 6.17% WHEAT 644.50 ▲ 2.10% COFFEE 308.50 ▼ 9.64% SUGAR 14.94 ▲ 0.40% ORANGE JUICE 140.90 ▼ 1.16% COTTON 80.80 ▲ 1.51% COCOA 6,070 ▲ 6.57% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 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0.78% SILVER 58.52 ▼ 0.44% SOY 1,191 ▼ 1.35% CORN 460.50 ▲ 6.17% WHEAT 644.50 ▲ 2.10% COFFEE 308.50 ▼ 9.64% SUGAR 14.94 ▲ 0.40% ORANGE JUICE 140.90 ▼ 1.16% COTTON 80.80 ▲ 1.51% COCOA 6,070 ▲ 6.57% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,551 ▼ 0.62% ETH 1,870 ▼ 1.04% SOL 77.38 ▼ 0.49% XRP 1.10 ▼ 0.69% BNB 576.28 ▼ 0.94% ADA 0.16 ▼ 1.35% DOGE 0.07 ▼ 0.66% AVAX 6.62 ▼ 1.15% LINK 8.33 ▼ 0.11% DOT 0.85 ▲ 0.15% LTC 45.13 ▼ 0.67% BCH 235.07 ▼ 0.60% TRX 0.33 ▲ 0.53% XLM 0.18 ▼ 1.45% HBAR 0.07 ▲ 0.20% NEAR 2.01 ▼ 0.11% ATOM 1.56 ▼ 0.19% AAVE 97.14 ▼ 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President Macron Speaks Clearly on Security, Reproaches Europeans for Hypocrisy

By · February 17, 2020 · 4 min read

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RIO DE JANEIRO, BRAZIL – It was arguably the stark contrast that so fascinated the audience: On the one side the young French President, who is brimming with ideas and ruthlessly challenges old convictions; on the other the exhausted German politicians, who say nothing wrong, but also nothing that has not been heard a thousand times before.

Emmanuel Macron’s motto at the Munich Security Conference, on the other hand, was: “I believe in politics, in the will of the people to change things”. And he was very clear about what he wanted to change.

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Emmanuel Macron's motto at the Munich Security Conference, on the other hand, was: "I believe in politics, in the will of the people to change things". And he was very clear about what he wanted to change.
Emmanuel Macron’s motto at the Munich Security Conference, on the other hand, was: “I believe in politics, in the will of the people to change things”. And he was very clear about what he wanted to change. (Photo internet reproduction)
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The president called for investments to restore “the hunger for the future” to a middle class that is doubting democracy. Macron mentioned the fast introduction of the 5G mobile phone network, research into artificial intelligence and cloud computing as areas where the money should go. He described the debate on the next EU budget as narrow-minded, only diverting attention from the real challenges.

The President seeks a perspective for Moscow

Macron made it clear what he regarded as a challenge. Europe needs a strategy to keep up with the competition between America, Russia and China. Although he declared his support for NATO, he called for greater European efforts to ensure its own security and to be able to act on issues such as migration.

“The US is right to demand that Europeans spend more on their defense.” Europe must be able to defend its interests in its immediate neighborhood, in Africa, the Middle East and with regard to Russia.

According to the French head of state, money alone is not enough. In his opinion, the EU must radically change its policy in a number of areas, for instance towards Russia. He does not intend to lift the sanctions against Moscow, but it should be noted that they have not been effective. “Russia needs a European perspective.”

He said that only by talking to Moscow could things change on that front. As an example, Macron mentioned the Ukrainian summit that took place at his initiative, at which Moscow and Kiev had agreed on an exchange of prisoners. After a long period of stagnation, there is now progress in the matter.

A show and no harsh speech

Macron added that the change in relations would take time, while maintaining that he did not have a naïve picture of Russia. The country has brought many new weapon systems into service, but the rearmament is unsustainable given the country’s limited economic power.

According to the French head of state, money alone is not enough. In his opinion, the EU must radically change its policy in a number of areas, for instance towards Russia.
According to the French head of state, money alone is not enough. In his opinion, the EU must radically change its policy in a number of areas, for instance towards Russia. (Photo internet reproduction)

“Russia has achieved a massive increase in influence in the Middle East”, but it will not be able to sustain this position in the long term. Russia is losing out in the competition with China, and the two countries’ cultures are very different in any event. Macron is therefore confident that Russia’s future lies in Europe.

Macron is a man of frank words and grand gestures. While German President Frank-Walter Steinmeier gave a careful speech in Munich, his French counterpart spontaneously answered questions from the moderator and the audience. Where the prepared speeches seemed a little boring, Macron was quick-witted and spirited. He grinned, he gestured and he did not read off the paper. His appearance was a one-man Macron show.

Macron relentlessly charged the EU’s previous foreign policy in the Balkans. He accused the Europeans of hypocrisy, because they promised the countries an imminent accession to the European Union, despite the fact that no one had that in mind. “This is just a way of mocking these peoples,” said the President, using this to justify his veto on accession talks with Macedonia and Albania.

Macron conveys confidence

In Macron’s opinion, the accession procedure to date is too long, too bureaucratic and too poorly oriented towards the real needs of the people. China and Russia would be investing in the Balkans, the Europeans would only be negotiating. Time and again he described EU policy as dishonest. Brussels was pretending that it wished to conclude the accession talks quickly, yet no one was prepared to discuss more funding for this in the budget talks. “The slice of bread should grow bigger and bigger, but the butter on it is becoming smaller and smaller.”

Macron introduced himself in Munich as a politician who loves plain language and is not attached to conventions. Notwithstanding, he failed to answer several questions as to how he intends to manage his European disruption. Moreover, some of the ideas are questionable, such as the call for a relaxed budgetary policy. But Macron conveyed confidence and a spirit of optimism. Compared to the political climate among France’s neighbors on the other side of the Rhine, this is quite an achievement.

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