Published: Wed, May 24, 2017
Money | By Armando Alvarado

Germany, France Plan Roadmap to Develop EU

Germany, France Plan Roadmap to Develop EU

His appointment was seen as a strategic move by Macron, who is trying to woo modernisers of all stripes to his new centrist party, the République en Marche (Republic on the Move, REM), having already won over dozens of moderate Socialist MPs. The choice of Mr Philippe is aimed at drawing more defectors from The Republicans.

German Chancellor Angela Merkel delivers a speech during the opening ceremony for the "National Integration Award" at the Chancellery in Berlin, Germany, Wednesday, May 17, 2017.

Humming beneath them, though, concerns that some of his ideas might end up costing German taxpayers more.

Merkel said that Germany needs France to succeed, emphasizing that "Europe will only do well if there is a strong France". "We are ready for institutional reforms and new agreements", Macron added.

The French leader said that "deep reforms" are required for the European Union that "need common work" from Paris and Berlin. But both leaders said they could tackle treaty change.

Writing in The Sun newspaper, May said she was "determined to cut the cost of living for ordinary working families, keep taxes low and to intervene when markets are not working as they should".

"In the past, the subject of treaty change was a French taboo".

"My friend Emmanuel Macron was at the bottom five months ago, and now, he is president", said Schulz of the new French leader who took office on Sunday.

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After a private meeting with Hollande and his first speech as president, Macron headed up the rainy Champs Elysees on Sunday in an army vehicle, waving to small crowds of wellwishers who gathered along the famed avenue.

Macron, who assumed office a day earlier, said he would work closely with Merkel on a "road map" to reform the European Union and the eurozone, adding that "there is absolutely no taboo for us here".

But some of Mr Macron's ideas about economic reform have raised eyebrows in Berlin - in an election year Angela Merkel won't risk anything which voters might perceive as a German bailout of struggling member states.

Indeed, Macron, a former investment banker, will be counting on winning votes for his party from center-right supporters in that round of elections. "But I can not have all the good sides and then say there will be an upper limit of 100,000 or 200,000 European Union citizens, no more, or just researchers, but please nobody else".

In part that's because Berlin is overwhelmingly relieved that it's not Marine Le Pen walking up the red carpet.

The meeting's warm tone reflected rising hopes in Germany that Mr. Macron may be able to deliver what officials in Berlin have long demanded: a convincing overhaul of France's tightly regulated economy that would jump-start growth in the eurozone's second-largest economy.

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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