Macron, Merkel say ready to change EU treaties if needed

19 Mai, 2017, 18:09 | Author: Marc Bacque

He said during his campaign that France should get closer to Germany, in particular by making reforms.

"We need to re-establish the European project", said the French president, who added that for this change to occur it is necessary to "repair the trust" in the "historic relationship" between Paris and Berlin, while Merkel spoke of giving the two countries a "new dynamic" and a "new push".

"The whole world is changing, she said, while Macron said: "There are no taboos for us here".

Among reforms he wants to see are setting up a separate budget for the 28-member group, as well as giving it its own parliament and finance minister. Center-right Prime Minister Edouard Philippe, whom Macron tapped named Monday, is to lead the government at least until the elections.

"Long positions in the euro tend to be favoured now, given the chances that the European Central Bank could discuss the possibility of future policy changes at its June meeting", said Shinsuke Sato, head of FX trading group for Sumitomo Mitsui Banking Corporation in Tokyo.

Speaking to BBC Radio 4's Today programme, Dr Ammon said: "We are happy to have a new star born in Europe, and that is Emmanuel Macron".

She also made her most positive comments yet about Euro zone reforms mooted by Mr. Macron, saying it may be possible to change European Union treaties as would be required to enact them.

A defeat for center-left governor Hannelore Kraft in Germany's North Rhine-Westphalia state would be a major blow for the Social Democrats after poor showings in two previous state elections.

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"It will include projects that are not going to emerge overnight, but we share a belief that we should not only tackle Brexit but also think of the ways to strengthen the remaining European Union countries and the eurozone", Merkel said.

"Macron clarified his position, saying he did not want Eurobonds or the mutualisation of (eurozone) debt" said Demesmay, referring to the pooling of funding and the build up of previous loans.

He also tried to show solidarity with Germany on the migrant crisis - an issue on which Merkel has pressed for European Union countries to work together - by saying that a common asylum policy was one area where Paris could cooperate with Berlin.

Macron said a reconstruction of the bloc was "the only reaction" to fight populism adding: "We need more pragmatism, less bureaucracy and a Europe that protects our citizens", he said.

But the proposals have sent alarm bells ringing in Berlin, and initial relief about his victory against far-right leader Marine Le Pen had quickly given way to fears about his reform plans. By appointing him, Macron has passed over loyal followers such as Richard Ferrand, a former Socialist who was one of the first to join Mr Macron's cause previous year and is secretary general of REM. She said she was personally prepared to make the case for such a change.

The rest of the government is expected to be announced on Tuesday afternoon.

Alain Juppe, a former French prime minister, called Mr Philippe "a man of great talent" with "all the qualities to handle the hard job".

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