Ananda
The Bunker Group
In escalation over submarine deal, France recalls envoys from U.S. and Australia
France plunged into an unprecedented diplomatic crisis with the United States and Australia on Friday after it recalled its ambassadors from both countries over a trilateral security deal which sank a French-designed submarine contract with Canberra.
www.reuters.com
"Australia, what have you done to me. Sacrebleu, I demand satisfaction".."I demand you buy as much of my cheese on the price of that Sub"..
Seriously though, on looking from commercial side only, Australia should handle this better. I don't know if this being discussed on RAN Thread, but Australia should give French similar chances.
Naval Group already doing significant work design to modified their Baracuda design as SSK. This is due to Australia in begining don't want to used nuclear power. Now Australia doing 180 degree changes, they should give French chances to give counter offer.
Say US and UK offer will be Astute with US reactor and US support for Nuclear infrastructure. Australia should tell French how is your counter. I know there's Political sensitivity domestically in Australia on this, thus why they move on secrecy with US and UK. However they can tell French to deal also in secrecy on this SSN issue, and French will be forfeit from competition if it's leak.
Anyway, this is just my two cents on the matter purely from commercial point of view as a Banker. I put it on this thread, cause the rift between French with US, Australia and possible UK potentialy can be used either by Russia and China for their gain. Especialy if this not handle carefully, and escalate.
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