A subsidiary of Thyssenkrupp is affected by the submarine business

According to information from the European Parliament, a subsidiary of the German arms company Thyssenkrupp is also affected by the broken submarine business between France and Australia. The chairman of the committee for international trade policy, Bernd Lange, said that the termination of the billion dollar deal had "consequences for a German company: the Thyssenkrupp subsidiary Atlas Elektronik". The company headquartered in Bremen should deliver sonar technology for the submarines, said Lange. The collapsed business is therefore "not only a security policy issue, but also an industrial policy issue". Due to the breach of contract, contractual penalties may now be due for Australia. Lange also fears that the planned free trade agreement between the EU and Australia will have repercussions. "There will be nothing more until the French elections," said the SPD member of the European Parliament. In France, presidential elections will take place in April. According to its own information, the EU Commission is still examining whether the next round of free trade talks with Australia, which is planned for October, can be held because of the collapsed submarine business. The background to the unusually fierce dispute among allies is the establishment of a new security alliance for the Indo-Pacific between the USA, Great Britain and Australia. This prompted the Australian government to abandon a multi-billion dollar submarine deal with France and buy US nuclear submarines instead. The government in Paris is furious about the announcement of the new Indo-Pacific Confederation. According to an EU spokesman, the EU foreign ministers wanted to discuss the foreign policy consequences of the so-called AUKUS alliance around midnight on the sidelines of the UN General Assembly in New York. According to the allies, the EU was "neither consulted nor informed" via AUKUS.