Merkel says open to principle of reciprocity in trade policy

Reuters
Reuters
Author

20 May, 2017

Mr Macron wants to create a common eurozone budget, parliament and finance minister.

Macron added that he intends to back economic reforms in France, where Le Pen and his other opponents are seeking to bounce back in parliamentary elections slated for June 11 and 18.

In Berlin, Mr Macron declined to answer a question about his new prime minister, only saying the choice of Mr Philippe is part of the new political landscape he is promoting.

Macron's office says that the meeting, attended by the country's most senior military and security officials, focused on the operations of French armed forces overseas -mostly in Africa's Sahel region, Iraq and Syria.

France's new President Emmanuel Macron secured backing Monday from key ally Chancellor Angela Merkel for his bid to shake up Europe, despite scepticism in Berlin over his proposed reforms.

"We need lawmakers that are not complicit and defend the interests of the French and France".

In his new post, he will be assisting Economy Minister Bruno le Maire, a reform-minded conservative whose expertise on Europe and staunch defence of the Franco-German relationship will prove valuable as Macron pushes for closer European Union integration.

The monetary union must "be deepened" and "be made more resistant to potential crises", said Merkel, adding that a possible move in that direction could be a measure of fiscal harmonisation.

German Finance Minister Wolfgang Schaeuble, an arch conservative who has come to personify Berlin's focus on fiscal rectitude, had suggested that Macron's idea of creating a budget and finance minister for the euro zone was unrealistic because it would require politically thorny changes to the European Union treaty.

More news: Trump promises to defend faith at Liberty University commencement

The head of France's main conservative party disowned his colleague Edouard Philippe on Tuesday for taking up the job of prime minister under centrist President Emmanuel Macron.

Macron said "treaty change long used to be a French taboo", but that this would change now that he was president.

When a new French president is elected, their first trip overseas is to Germany.

A large group of onlookers, some carrying European flags, stood outside the chancellery as Mr Macron arrived.

"First we need to work on what we want to change, and then if it turns out it needs a treaty change, then we're prepared to do that", she said.

In addition, the rate of unemployment is estimated at close to 4 percent in Germany, less than half of the rate in France (9.9 percent).

After his meeting with Merkel, Macron stressed that he was not in favour of eurobonds - loans underwritten by all members of the eurozone, which some conservative German politicians have described as a vision of "hell" for their voters.

"What's interesting for Europe is how much Macron can revive the Franco-German relationship and make it the backbone of a new, successful European Union", Charles Grant, director of the Centre for European Reform in London, said in an interview.


More news


  • TV leaders' debate dubbed 'worst episode of Take Me Out ever'

    TV leaders' debate dubbed 'worst episode of Take Me Out ever'

    Mr Farron repeated his party's threat to hold another referendum on the final deal in a desperate bid to keep Britain in the EU. He said: 'The Brexit negotiation between Brussels and London will have outcomes none of us can predict.
    Timeless Uncancelled by NBC: Season 2 Ordered by Network

    Timeless Uncancelled by NBC: Season 2 Ordered by Network

    I plan on watching the first episode of Timeless to see what fans love so much about this show. That makes things incredibly hard for indie studios like Sony and Warner Bros.

    New South Korean leader gets White House invite from Trump

    The paper also called on South Korea and the U.S.to stop conducting joint military exercises. But he's said South Korea shouldn't be afraid to say no to the United States.
  • Khloe Kardashian asks,

    Khloe Kardashian asks, "What the hell does Kylie Jenner do all day?"

    In a brand new trailer; Kylie Jenner is under pressure ... " Life of Kylie " premieres Thursday, July 6 at 10 p.m. Another person claimed that Kris Jenner, 61, played a role in the decision for her daughters to fire Rose.
    Reema Lagoo passes away

    Reema Lagoo passes away

    She was a fabulous actor and her heart was so clean. "I have many memories with Reemaji which I will always adore". I would irritate her with small little things, and I can't put in words the kind of friendship I shared with her.

    Halep eyes second straight Madrid title after downing Sevastova

    However, Halep was improving all the time, and she broke again to level, and saved break point to hold for the lead, 6-5. Mladenovic leads the career head-to-head with Halep 3-1. "I can just be proud out there from what both of us showed".
  • Takata air bag settlement delivers $553M to consumers for economic losses

    Takata air bag settlement delivers $553M to consumers for economic losses

    Lawsuits against Honda Motor Company HMC, Ford Motor Company F and Nissan Motor have not been settled yet, per the lawyers. The solution for a mass recall on defective Takata airbags is under way, though it seems to be far from over.
    The Japanese Government Has Approved a Bill That Lets Emperor Akihito Abdicate

    The Japanese Government Has Approved a Bill That Lets Emperor Akihito Abdicate

    The legislation endorsed Friday, May 19, 2017 would allow Crown Prince Naruhito to succeed his father as emperor. Akishino's son, Prince Hisahito, 10, is the only boy of his generation in the imperial family.
    School budget and board election results

    School budget and board election results

    The district has reserves to cover the difference, but those will start to diminish for next year if the funds never arrive. Voters also approved establishing a capital reserve fund , with 588 voters supporting the measure and 135 opposed.
  • Will hear only triple talaq case, says apex court

    Will hear only triple talaq case, says apex court

    Sibal asked the apex court. "The issue is not talaq , the issue is patriarchy that is part of every religion", he argued. There are different schools of thought for Shias and Sunnis. "You can't test my faith on higher principles", he said.
    Stars Wars fans say, 'May the 4th be with you'

    Stars Wars fans say, 'May the 4th be with you'

    But it's Star Wars Day, so hopefully your pun skills won't cause anyone to go to the Dark Side with anger. Following the movie, Hamill also had a farewell remark for the audience.
    Bradley Zimmer: Zimmer HRs, doubles in second Major League Baseball  game

    Bradley Zimmer: Zimmer HRs, doubles in second Major League Baseball game

    His flexibility to play three different positions as a switch-hitter boded well for manager Terry Francona's outfield rotations. This has been a fact ever since joining the Indians organization, striking out 43 times this season in 33 games.