Anthony Albanese says the settlement with French company Naval Group will “rule a line” under the torn-up submarine contracts.
| France and Australia have begun to rebuild defence links after ending a diplomatic rift that began when, escalated into personal sniping, and put the bilateral relationship into the deep freeze.
The Albanese government will continue with the AUKUS arrangement but rebuilding the relationship with France has been a priority since the new prime minister was sworn in three weeks ago. The bilateral relationship hit rock bottom last year when President Macron said former Prime Minister Scott Morrison had lied about Australia’s intentions regarding the submarine contact.
Addressing media in Sydney on Saturday, Mr Albanese said his government had reached a fair and equitable settlement with Naval that would “rule a line” under the torn-up contracts. As part of the arrangement, Australia will pay Naval Group $555 million euros .
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia to pay French shipbuilder $830m settlement for cancelled submarine contractThe settlement comes after the federal government cancelled a $90-billion deal to purchase twelve French submarines.
Read more »
Australia to pay French shipbuilder $830m settlement for cancelled submarine contractThe settlement comes after the federal government cancelled a $90-billion deal to purchase twelve French submarines.
Read more »
Australia to pay French shipbuilder $830m settlement for cancelled submarine contractAustralia will pay French shipbuilder Naval Group an $830 million settlement after the federal government cancelled a $90-billion deal to purchase twelve French submarines AusPol
Read more »
Aukus pact: Australia pays $830m penalty for ditching non-nuclear French submarinesAnthony Albanese pledges to reset Australia’s strained relationship with France after settling cancelled contract with Naval Group
Read more »
Albanese says he is 'looking forward' to meeting Macron in ParisAnthony Albanese says he is 'looking forward to taking up President Macron's invitation to me to visit Paris', which he sees as 'absolutely vital' in resetting the Australia-France relationship.
Read more »
Australian government to pay France's Naval Group $830 million over scrapped submarines contractBreaking The Australian government will pay $830 million in compensation to France's Naval Group over scrapped submarines contract 'We can now reset the relationship without this clouding the relationship,' Anthony Albanese said.
Read more »