Welcome to world politics Macron! Germany DESTROYS new French leader’s Eurobond debt plan
FRENCH president elect Emmanuel Macron has had any hopes of building the Franco-German machine on a bed of debt wiped out today.
By SIOBHAN MCFADYEN
Express.co.uk
Mon, May 8, 2017
Mr Macron made a telephone call to Angela Merkel last night following his victory in a bid to shore up support from Europe’s hardest task master.
But any hopes he had of persuading the Berlin based Chancellor to enter into the Euro Bonds mutualisation scheme to underpin France’s flailing economy were quickly dismissed.
Strongly pro-European Union Emmanuel Macron, who was slated for playing Beethoven’s EU anthem Ode to Joy instead the French National hymn La Marseillaise; before he made his victory speech outside the Lourve in Paris, is not going to get an easy ride from Mrs Merkel.
And he was informed in no uncertain terms this morning that his dreams, which have included setting up a common eurozone treasury with a single finance minister, are likely to hit a brick wall.
German Finance Minister Wolfgang Schauble’s spokesman told a government news conference today in Berlin that the Chancellor remained opposed to the eurobond debt sharing scheme which Mr Macron has been hoping could work.
When asked about the German government’s position on the introduction of joint eurobonds, government spokesman Steffen Seibert said they are opposed to such move.
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