French President Emmanuel Macron has urged Europe to assert itself on the world stage, saying it is time to start acting like a power.

In the face of growing threats from China, Russia and now the US, he told a group of European newspapers that the continent faced a wake-up call.

Are we ready to become a power? This is the question in the field of economy and finance, in defence and security, and in our democratic systems. he expressed ahead of an EU summit in Brussels.

Macron repeated his call for EU-wide mutualised loans to raise the necessary funds for industrial investment, stating, The time has come to launch a shared debt capacity to fund our future expense - eurobonds for the future. We need big European programmes to finance the best projects.

Despite previous skepticism from Germany and other member states, Macron emphasized that there is a growing demand in the world's financial markets for mutualised European debt, which the EU must address.

He addressed the need for roughly €1.2 trillion annually to invest in crucial sectors such as security, defence, clean energy, and AI, stating, Today Europe faces a massive challenge, in a world of disorder.

Praising the stability offered by democratic governance, Macron asserted that Europe must not impose stricter rules on its producers than it does on non-European counterparts.

In a world increasingly characterized by volatility, Macron concluded by stressing that Europe must come together as a formidable entity, saying, Today, we Europeans are on our own. But we have each other. We are 450 million people. It's huge.