Autor: admin
Datum objave: 21.05.2019
Share


How France's Emmanuel Macron wants to reform the EU

Merkel and Macron agreed last year to a tentative deadline of March to establish a framework for the reforms

How France's Emmanuel Macron wants to reform the EU

https://www.dw.com/cda/en/how-frances-emmanuel-macron-wants-to-reform-the-eu/a-43002078

The French president wants to further centralize the eurozone. While Germany backs reform, Berlin is reluctant to support a "transfer union" that would see it pay more than it gets. DW examines what's on the table.

French President Emmanuel Macron has vowed to push through reforms of the European Union and the eurozone monetary union. Since assuming office in 2017, he has consistently emphasized his desire to partner with Germany to jointly lead these reforms.

The French president wants:

to create a post for an EU finance minister.

to establish a joint eurozone budget.

to institute a body tasked with overseeing bloc-wide economic policy.

Macron envisions a two-speed Europe which would allow countries that want to work towards further integration to go forward with such measures while others can choose to maintain the status quo.

In terms of monetary union reforms, Macron believes a separate parliament comprising elected members from eurozone countries would allow them to decide on matters that do not concern EU member states that have yet to adopt the euro.

Although German Chancellor Angela Merkel has backed calls for reforms, she has cautiously stated that both countries need to find a "common position," especially when it comes to reforming the 19-member eurozone.

View from Germany

Berlin has been notably reluctant to support Macron's proposal of pooling financial resources for the eurozone, in what many in Germany's parliament believe would create a "transfer union" that would likely see Germany provide more financial resources than it would receive from a collective fund. Berlin has also emphasized that such a fund should be linked to economic reforms.

One proposal from the German side would see the European Stability Mechanism (ESM), the eurozone's bailout fund, turn into a European Monetary Fund that would redistribute resources to countries in need. That proposal was put forward by former Finance Minister Wolfgang Schäuble.

Under a coalition agreement, Germany's new government has backed bloc-wide reforms, stipulating that it will pay more into the EU's budget while stressing the need for budgetary discipline.

Roadmap

Merkel and Macron agreed last year to a tentative deadline of March to establish a framework for the reforms. Both leaders have suggested a June deadline for other eurozone members to agree on a roadmap to implement the reforms.

Germany and France will have to overcome their contradicting beliefs on the concept of centralization in the eurozone. For Macron, the monetary union needs more centralization, while Merkel believes current issues are pegged to an over-reliance on centralized structures.

Meanwhile, the European Commission, the EU's executive body, proposed in December similar reforms, including creating a finance ministerial post and a "rainy-day" budget for member states hit by economic hardship.

Is Emmanuel Macron Europe's new Angela Merkel?

German Chancellor Angela Merkel is heading for talks with French President Macron, the man slowly assuming her role as Europe's leading figure. But with EU and eurozone reforms on the table, both still need each other. (16.03.2018) 

Eurozone reform: move along, nothing to see here

The European Commission's package of eurozone reforms was billed as the EU's bold vision for a post-Brexit union. But it comes as Brexit talks verge on collapse and domestic German politics remain up in the air. (06.12.2017) 

Germany's coalition agreement: What's in it?

Germany's Social Democrats and Angela Merkel's conservatives have signed a coalition agreement. DW examines their plans for the country's future. (12.03.2018) 

France's Emmanuel Macron pins pro-EU reforms success on 'Germany's ambitions'

France cannot enact pro-European reforms without Germany's involvement, the French president said after meeting with the German chancellor. Macron urged Germany's SPD to move forward with another Merkel-led coalition. (19.01.2018) 

Angela Merkel and Emmanuel Macron set eurozone reform plan deadline

Germany's Angela Merkel has said she wants to establish a joint proposal with France on reforms to the eurozone by next March. The French president has been pushing for a shared eurozone budget and governance structure. (15.12.2017) 

Wolfgang Schäuble urges caution over eurozone expansion

German Finance Minister Schäuble has welcomed calls from the European Commission that all EU member states aim to join the eurozone. However, he has urged all parties to heed the lessons from Greece. (14.09.2017) 

New German government: What is at stake for the EU?

A new grand coalition of Chancellor Merkel's CDU/CSU and the Social Democrats (SPD) depends on the approval of SPD members. But it's not just about forming a new government — it's about Germany's role in Europe. (04.03.2018) 

Commentary: From a currency union to a transfer union

Chancellor Merkel and her associates should seriously consider a haircut and debt relief as the only sustainable way forward for Greece, says the DW's Rolf Wenkel. He cites historical precedents. (16.07.2015) 

Emmanuel Macron: 'France is back as a European reformer'

French President Emmanuel Macron has encouraged Europeans to open up to more political and economic reforms. He supported the idea of a two-speed Europe where a core group of reformers should take the lead. (24.01.2018) 

From cotton to cash: how to (actually) make a euro

European Central Bank official Yves Mersch has unveiled a new 50 euro banknote to replace the eurozone's most widely counterfeited bill. DW looks at how euros are produced - and protected from counterfeiters. (04.07.2016) 

78
Kategorije: Fenomeni
Developed by LELOO. All rights reserved.