Berliner Boersenzeitung - Australian, French leaders meet to mend frayed ties

EUR -
AED 4.102105
AFN 75.943776
ALL 98.559302
AMD 432.564919
ANG 2.012493
AOA 1053.718626
ARS 1078.246379
AUD 1.615995
AWG 2.013058
AZN 1.903018
BAM 1.956263
BBD 2.254705
BDT 133.431563
BGN 1.95567
BHD 0.420474
BIF 3227.592984
BMD 1.116814
BND 1.432422
BOB 7.716309
BRL 6.068661
BSD 1.116649
BTN 93.443216
BWP 14.597564
BYN 3.654164
BYR 21889.557957
BZD 2.250874
CAD 1.510324
CDF 3199.673034
CHF 0.93949
CLF 0.036393
CLP 1004.183913
CNY 7.830771
CNH 7.796932
COP 4662.174305
CRC 579.581211
CUC 1.116814
CUP 29.595576
CVE 110.844247
CZK 25.143401
DJF 198.480656
DKK 7.45943
DOP 67.511856
DZD 147.632829
EGP 53.951777
ERN 16.752213
ETB 133.128577
FJD 2.438568
FKP 0.85052
GBP 0.835251
GEL 3.038171
GGP 0.85052
GHS 17.612595
GIP 0.85052
GMD 76.506072
GNF 9640.902719
GTQ 8.637546
GYD 233.589897
HKD 8.680271
HNL 27.775602
HRK 7.593232
HTG 147.162717
HUF 397.072547
IDR 16891.646973
ILS 4.130236
IMP 0.85052
INR 93.498064
IQD 1463.026578
IRR 47023.461504
ISK 150.960204
JEP 0.85052
JMD 175.431498
JOD 0.791491
JPY 158.761881
KES 144.069421
KGS 94.039997
KHR 4539.850039
KMF 493.213107
KPW 1005.13213
KRW 1463.356082
KWD 0.34064
KYD 0.930595
KZT 535.615475
LAK 24662.053383
LBP 100066.551049
LKR 333.41887
LRD 216.410712
LSL 19.192495
LTL 3.297662
LVL 0.67555
LYD 5.294124
MAD 10.82556
MDL 19.447167
MGA 5082.621727
MKD 61.575479
MMK 3627.368897
MNT 3794.934539
MOP 8.941976
MRU 44.354319
MUR 51.318034
MVR 17.154688
MWK 1938.789804
MXN 22.01096
MYR 4.606902
MZN 71.336549
NAD 19.192495
NGN 1863.393714
NIO 41.102919
NOK 11.731184
NPR 149.506067
NZD 1.761259
OMR 0.429471
PAB 1.116634
PEN 4.187052
PGK 4.437666
PHP 62.551688
PKR 310.143432
PLN 4.278011
PYG 8716.061777
QAR 4.066042
RON 4.979097
RSD 117.161668
RUB 105.231058
RWF 1487.59649
SAR 4.189354
SBD 9.261119
SCR 14.79953
SDG 671.767835
SEK 11.26907
SGD 1.429415
SHP 0.85052
SLE 25.516192
SLL 23419.029236
SOS 637.701275
SRD 34.286758
STD 23115.798718
SVC 9.770311
SYP 2806.029064
SZL 19.192494
THB 36.151687
TJS 11.881355
TMT 3.90885
TND 3.394561
TOP 2.615695
TRY 38.121675
TTD 7.585372
TWD 35.28057
TZS 3048.90309
UAH 45.967974
UGX 4125.289807
USD 1.116814
UYU 46.821075
UZS 14225.424679
VEF 4045718.043587
VES 41.120607
VND 27484.797006
VUV 132.590423
WST 3.124246
XAF 656.162155
XAG 0.035308
XAU 0.000421
XCD 3.018247
XDR 0.826043
XOF 657.249161
XPF 119.331742
YER 279.566552
ZAR 19.115571
ZMK 10052.671816
ZMW 29.530836
ZWL 359.613711
  • RIO

    0.4800

    71.23

    +0.67%

  • BCC

    1.1800

    141.49

    +0.83%

  • CMSC

    0.0300

    25.14

    +0.12%

  • SCS

    0.0400

    13.25

    +0.3%

  • BTI

    -0.2369

    36.84

    -0.64%

  • RBGPF

    64.7500

    64.75

    +100%

  • BCE

    0.3600

    35.19

    +1.02%

  • CMSD

    -0.0300

    25.08

    -0.12%

  • AZN

    -0.5600

    77.62

    -0.72%

  • GSK

    -0.1900

    40.71

    -0.47%

  • JRI

    0.1200

    13.58

    +0.88%

  • RELX

    -0.5300

    47.56

    -1.11%

  • NGG

    -0.3300

    69.73

    -0.47%

  • VOD

    0.0500

    10.09

    +0.5%

  • BP

    0.6300

    31.42

    +2.01%

  • RYCEF

    0.0100

    7.05

    +0.14%

Australian, French leaders meet to mend frayed ties
Australian, French leaders meet to mend frayed ties / Photo: GABRIEL BOUYS - AFP

Australian, French leaders meet to mend frayed ties

French President Emmanuel Macron will hold talks Friday in Paris with Australia's new Prime Minister Anthony Albanese, seeking to repair ties badly damaged by the ditching of a submarine contract.

Text size:

Macron and Albanese will have lunch at the Elysee Palace from 1100 GMT, the French presidency said, with talks focusing on "restoring confidence" and issues including stability in the Pacific and climate change.

It will be the first formal meeting between the Australian and French leaders since former Australian prime minister Scott Morrison ripped up in September last year a contract with France to build a dozen diesel-powered submarines.

It will also be the first face-to-face meeting between Albanese and Macron after telephone talks on May 26.

Albanese, who defeated the conservative Morrison in May elections, has made a priority of restoring Australia's international image, particularly in the fight against climate change.

Macron told reporters at the NATO summit in Madrid on Thursday that he was looking forward to the meeting, saying Albanese's agenda on climate change as well as relations with China "has a lot more in common with France's agenda... than was the case with his predecessor."

"I approach these talks with a lot of optimism and determination, because Australia is a great partner and the situation inherited from past bad behaviour was not a good one," he said.

The scrapping of the contract led to an unprecedented crisis between Canberra and Paris, with such bad blood that outgoing foreign minister Jean-Yves Le Drian applauded Morrison's election loss to Albanese, saying it "suits me fine."

Morrison's actions were marked by "brutality and cynicism, and I would even be tempted to say of unequivocal incompetence", Le Drian said as he handed over to his successor Catherine Colonna on May 21.

- 'A big advantage' -

The switch by Canberra came as it entered a new security pact with Britain and the United States, which will now supply Australia with nuclear-powered subs.

Macron recalled France's envoys to both Australia and the US over the furore.

France was particularly ruffled because it considers itself to be a key Pacific power thanks to overseas territories including New Caledonia and French Polynesia.

It was also stung as Macron had hosted Morrison at the Elysee in June 2021, just months before the stunning about-turn, with French officials saying they were given no inkling even in private of what was to come.

Albanese announced in early June that French submarine maker Naval Group had agreed to a "fair and an equitable settlement" of 555 million euros (US$584 million) for Australia's ending the decade-old, multibillion-dollar submarine contract.

"It is important that that reset occur," Albanese told national broadcaster ABC in an interview on June 24. "France, of course, is central to power in Europe but it's also a key power in the Pacific."

Morrison's predecessor as premier, Malcolm Turnbull, said the visit was a "big opportunity" to help Paris and Canberra get over a "very bad period" when the French government did not even "pick up the phone."

Albanese "is not Scott Morrison, so that's a big advantage", he told French journalists at an event organised by the Institut Montaigne in Paris.

(U.Gruber--BBZ)