Merkel strikes reserved tone ahead of Macron's Europe speech

French President Emmanuel Macron delivers a speech to mark the 500th anniversary of Protestant Reform at the Hotel de Ville City Hall in Paris
Emmanuel Macron looks to stamp 'non' on banker-style jobless payouts
Author

27 September, 2017

French President Emmanuel Macron set out an ambitious vision for the reform of the European Union this afternoon, including a shared budget across member states.

"Merkel has secured a fourth term as chancellor, but emerged weakened, facing hard coalition talks and reduced chances to proceed with a compromising attitude towards Macron's demands for a more integrated Europe", Xinhua quoted Adriaan Schout, coordinator of European Union (EU) affairs at Clingendael, as saying on Monday.

At a news conference after a German election that has forced her to consider a new coalition with the liberal Free Democrats (FDP), a party critical of Macron's ideas on Europe, Merkel said her conservative CDU/CSU bloc would support sensible measures but also wanted to see countries become more competitive. He used Tuesday's speech to push that agenda, saying it would allow for greater investment in European projects and stabilise the Eurozone during periods of economic crisis.

"We share the same European ambitions and I know her commitment to Europe", he said of Merkel.

The New Zealand dollar was also hit by political jitters as the ruling National Party won the largest number votes in a weekend election but failed to secure a ruling majority, with a protracted period of coalition-building now also a possibility there.

Macron said the eurozone needs a stronger budget and consideration should be given to funding it with a specific tax.

Macron also called for the formation of a joint European military intervention force that should have an autonomous intervention capacity complementary to that of the North Atlantic Treaty Organisation alliance, and a common strategic culture. By then, he said every student in the EU should speak at least two languages, and there should be a minimum of 20 cross-border "European Universities".

Macron said, "I believe deeply in this innovation economy", but insisted that "we must have this debate" about making taxation more fair.

"Europe needs to be an economic and monetary power", Macron said, adding that an European Union budget is needed to fund investment and absorb economic shocks.

Macron's policies have met resistance at home, and riot police held back a few dozen protesters outside the Sorbonne.

By 2024, he said, half of the European Parliament should be elected from a pan-European list, with the first seats up for a pan-European vote being the ones vacated by the United Kingdom when it exits the EU in 2019.

But less than five months into his five-year term, Macron faces the threat that Merkel, 63 and looking to start her fourth term, has less capacity to move than either would have hoped.

Europe's politically supercharged year has ended with a jolt of excitement as Germans went to the polls on Sunday. "My view is that we can use more Europe, but this has to lead to more competitiveness, more jobs and more clout for the European Union".

"Germany's liberals, who are most likely to become coalition partners, have a critical attitude towards a more integrated European Union, making it hard for Merkel to support such plans", Schout noted.

Under such a scenario, Republic on the Move! is likely to seek alliances in the Senate with other centrists and moderate Republicans and Socialists to approve Macron's business-friendly economic reforms.


More news


  • New US travel ban declared 'psychological terrorism'

    New US travel ban declared 'psychological terrorism'

    The opposition wants a date for the next presidential election, due by the end of 2018, with guarantees it will be free and fair. Next month, the country will hold regional elections, which were supposed to take place previous year but were delayed.
    Rex Tillerson to meet with Cuban foreign minister Tuesday in Washington

    Rex Tillerson to meet with Cuban foreign minister Tuesday in Washington

    The withdrawal is not meant to punish the Cuban government but to protect diplomats and their families from the unusual attacks. It was unclear whether Tillerson would disclose new details to the Cuban envoy about USA deliberations or the investigation.
    I will always have 'special affection' for Chelsea - Diego Costa

    I will always have 'special affection' for Chelsea - Diego Costa

    Tomorrow it will be a really tough game and we have to be prepared for the physical and tactical aspect and be disciplined. Costa will devote the next three months to regaining his form after not playing for 103 days.
  • Number of MS students passing Advanced Placement exams grew in 2016-17

    Bridgeport's new Fairchild Wheeler magnet high schools have a semester schedule that make prepping for an AP exam hard . The number of MS public school students taking and passing Advanced Placement exams both rose in 2016-17.

    Chaos as MPs fight in Parliament

    The Deputy Speaker of Parliament, Mr Jacob Oulanyah, is in Israel for what officials say is "Parliament business". A resolution was filed weeks back to allow a debate the removal of the presidential age limit now pegged at 75.

    Boardwalk Pipeline Partners LP (BWP) Given Coverage Optimism Rating of 0.16

    ValuEngine cut Boardwalk Pipeline Partners L.P. from a buy rating to a hold rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company.
  • Veritone, Inc. (NASDAQ:VERI) Sees Price Increase - Up by 4.01%

    Wunderlich reaffirmed a buy rating and set a $18.00 price target on shares of Veritone in a report on Wednesday, June 21st. COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Week Herald and is owned by of Week Herald.
    Acting DEA head to resign

    Acting DEA head to resign

    Chuck Rosenberg , acting head of the Drug Enforcement Agency, will leave effective October 1, NBC News has confirmed. Rosenberg wrote in his email that the president's comments "condoned police misconduct".
    Tianjin derby under investigation for possible match-fixing

    Tianjin derby under investigation for possible match-fixing

    Tianjin Quanjan - and Teda - subject to match fixing allegations following 4-1 derby win for Teda. Five games left to give everything for the 3rd place".
  • Cliffs Natural Resources Inc (CLF) Is It Worthy for Investors?

    In terms of Buy, Sell or Hold recommendations, Cliffs Natural Resources Inc (NYSE:CLF) has analysts' mean recommendation of 2.8. You can get a sense of how sustainable that is by a levered free cash flow of $291.8 Million over the past twelve months.

    Lawbreakers Free Weekend Begins September 28 on Steam

    What isn't so good to see is that Boss Key chose to host the free weekend during the same time as the Call of Duty: WWII PC beta. That's because the game is having a free weekend, so you can try Breaking the Law yourself without forking out the cash.
    Russian Rostelecom has invested $31 million in a hopeless project

    Russian Rostelecom has invested $31 million in a hopeless project

    If Google has over 49 million clicks per day, the audience of "Sputnik" is not more than 4.2 thousand. Earlier it was announced that "Sputnik" will be able to create its own maps in the nearest future.