German Chancellor: Europe must become more independent

German Chancellor Friedrich Merz has said that Europe must become more independent from its old ally, the United States.

Speaking at the headquarters of Deutsche Boerse Group, which operates the Frankfurt Stock Exchange, Merz said that old securities no longer apply.

"We need to become more sovereign and independent, especially in terms of technology," says Merz.

The German Chancellor said that Europe must adapt to a new part of the reality that the world is facing.

"Transatlantic relations have changed. No one in this room says this with more regret than I do, but nostalgia and memories of good old days don't help ," he said.

US President Donald Trump's threats that his country could annex Greenland, an autonomous territory of European NATO ally Denmark, have recently shocked European leaders.

French President Emmanuel Macron called Trump's statements a strategic wake-up call for all of Europe, and EU energy commissioner Dan Jorgensen warned that the bloc risked becoming dependent on U.S. liquefied natural gas imports. /CNA

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