French President Emmanuel Macron speaks during his final press conference at the G7 summit Monday, Aug. 26, 2019 in Biarritz, southwestern France. (AP Photo/Francois Mori)
The Associated Press
PARIS (AP) - French President Emmanuel Macron is calling for a new global economic order, decrying an "unprecedented crisis" in the market economy.
Amid uncertainty over U.S. trade policies, Macron said the market economy has become too finance-driven, creating inequalities "that are shaking up our political order." He called for a global "rethink," but did not offer details.
In a sweeping diplomatic speech Tuesday, Macron said "we are living the end of Western hegemony" in the world, in part as a result of Western "errors" over past centuries.
Macron spoke the day after hosting an intense G-7 summit clouded by concerns about U.S. trade policies and tensions with China and an economic slowdown. The G-7 ended with a call for "fair" and "open" trade but no mention of currencies or fiscal stimulus.
U.S President Donald Trump and French President Emmanuel Macron hug after their joint press conference at the G7 summit Monday, Aug. 26, 2019 in Biarritz, southwestern France. French president says he hopes for meeting between US President Trump and Iranian President Rouhani in coming weeks. (AP Photo/Francois Mori)
The Associated Press
U.S President Donald Trump and French President Emmanuel Macron shake hands after their joint press conference at the G7 summit Monday, Aug. 26, 2019 in Biarritz, southwestern France. French president says he hopes for meeting between US President Trump and Iranian President Rouhani in coming weeks. (AP Photo/Francois Mori)
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From the left, Italian Prime Minister, Giuseppe Conte, Japanese Prime Minister Shinzo Abe, U.S President Donald Trump, French President Emmanuel Macron, German Chancellor Angela Merkel, Canadian Prime Minister Justin Trudeau, Britain's Prime Minister Boris Johnson attend a work session during the G7 summit at Casino in Biarritz, southwestern France, Monday Aug.26 2019. G-7 leaders are wrapping up a summit dominated by tensions over U.S. trade policies and a surprise visit by Iran's top diplomat. (Ian Langsdon, Pool via AP)
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From the left, Japanese Prime Minister Shinzo Abe, Canadian Prime Minister Justin Trudeau, first lady Melania Trump, President Donald Trump, Brigitte Macron, French President Emmanuel Macron and German Chancellor Angela Merkel pose during the G7 family photo Sunday, Aug. 25, 2019 in Biarritz. A top Iranian official paid an unannounced visit Sunday to the G-7 summit and headed straight to the buildings where leaders of the world's major democracies have been debating how to handle the country's nuclear ambitions. (AP Photo/Francois Mori)
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In this handout photo taken from the Twitter account of Iranian Foreign Minister Mohammad Javad Zarif, shows French President Emmanuel Macron, right, French Foreign Minister Jean-Yves le Drian, second right, meeting Iranian Foreign Minister Mohammad Javad Zarif, left in white shirt, Sunday, Aug.25, 2019 in Biarritz, southwestern France. Zarif paid an unannounced visit Sunday to the G-7 summit and headed straight to the buildings where leaders of the world's major democracies have been debating how to handle the country's nuclear ambitions. (Twitter account of Iranian Foreign Minister Mohammad Javad Zarif via AP)
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