WELLINGTON (Reuters) – Australia Prime Minister Anthony Albanese stated on Saturday that his authorities had reached a 555 million euro($583.58 million)settlement with France’s Naval Group over the choice final yr to scrap the French submarine deal.
“This is a good and equitable settlement,” stated Albanese in a information convention.
He stated the settlement adopted discussions with French President Emmanuel Macron and he thanked him for the cordial manner wherein the connection between Australia and France was being re-established.
Australia final yr scrapped a multi-billion-dollar https://www.reuters.com/world/australia-says-it-was-upfront-with-france-over-submarine-deal-crisis-continues-2021-09-19 order for submarines with French army shipyard Naval Group and opted as an alternative for another deal with the United States and Britain. The transfer enraged Paris and had triggered an unprecedented diplomatic disaster.
($1 = 0.9510 euros)
(Reporting by Lucy Craymer; Editing by Shri Navaratnam)
