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Marketplace Morning Report

"We are all looking for more independency from American defense"

Marketplace Morning Report

Marketplace

News, Business

4.5927 Ratings

🗓️ 18 July 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

From the BBC World Service: In an exclusive interview with the BBC, German Chancellor Friedrich Merz accepted U.S. accusations that Europe has done too little to fund its defense and security. It follows an interview with U.S. President Donald Trump this week, in which he backed the NATO military alliance. Also: Brazil's President Luiz Inácio Lula da Silva responds to tariff threats, and leather sandal makers in India react to Prada's high-end, Indian-inspired footwear.

Transcript

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0:00.0

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0:36.8

Germany's leader says Europe must be able to look after itself and not rely on the US.

0:42.8

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

0:48.2

Hello, I'm Nick Koreshi in Fort Leanna Bern.

0:51.1

In an exclusive interview with the BBC, the German Chancellor Friedrich Mertz has accepted

0:56.3

US accusations that Europe has done too little to fund its own defence and security, and

1:02.0

that it's been free-riding on the US in the past. It follows a BBC interview with President

1:07.4

Trump this week, where he backed the NATO military alliance,

1:13.4

now that members were paying their own bills.

1:18.5

Mr Mertz told the BBC's Nick Robinson that Europe needs to be more independent as the US focuses more on other parts of the world.

1:22.1

We are all looking for more independency from American defence.

1:31.8

We know that we have to do more on our own, and we had been free riders in the past, and the Americans guaranteed our freedom and our security,

1:38.0

and they are not willing, understandably, to do that any longer, and they are asking us to do more, and we are doing more.

1:46.6

I'm observing that the Americans, for years now, moving away from Europe and turning to Asia.

1:55.8

This so-to-say pivot to Asia is happening, and there are other places in the world the Americans are interested

2:02.5

in and they are seeing themselves in a very hard competition with China. And that's the reason

...

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