- Eurozone SHOWDOWN: Macron to Push Merkel to Agree ‘Ambitious’ Reform
by ROMINA MCGUINNESS, https://www.express.co.uk/
FRENCH President Emmanuel Macron wants a more “ambitious” reform of the eurozone than the one outlined by Angela Merkel, and will urge the German Chancellor to make more concessions on a eurozone budget and banking union in the coming weeks, a French presidential source said.
While the German leader backs the French centrist’s overarching EU vision, her response to his eurozone and banking union reform plans has been more tentative. Speaking on condition of anonymity, the source said that while the Chancellor was “aligning herself with French ideas,” including the idea of a new European sovereignty, “France and Germany have to work together in the coming weeks to reach a more ambitious accord on the banking union and a fiscal capacity for the eurozone”.
The Elysée Palace source said: “There is a rapprochement on eurozone reform, notably on the idea of an investment budget. The chancellor made clear that the current eurozone instruments are insufficient.”