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France's Macron calls for 'historic reconstruction' of Europe

France's Macron calls for 'historic reconstruction' of Europe

She said she was personally prepared to make the case for such a change.

Visiting Berlin on Monday, Macron "did not push for major, ambitious reforms (of the EU) because he knows the chancellor can not deliver until the elections in September", said Judy Dempsey of the Carnegie Europe think-tank.

The draft is expected to be approved by the SPD's party leadership next week and is likely to be adopted at a party congress on June 25.

French President Emmanuel Macron said that the possibility of change to European Union treaties was "not taboo" and that he wanted to see better protection for Europe's workers.

Mr. Macron himself sounded a note of skepticism about the political obstacles standing in the way of such major changes.

French President Emmanuel Macron on Monday told German Chancellor Angela Merkel that he will implement economic reforms in France.

Macron on the campaign trail made the case that a reformed France would go hand in hand with a reformed European Union, made more responsive to the concerns of citizens who may have missed the benefits of globalisation.

Macron's victory is widely seen as a bright light for Europe amid the many negative issues the bloc must tackle.

Merkel, quoting German writer Hermann Hesse, said that "a magic dwells in each beginning".

To that end, Ms. Merkel said she would be ready to discuss changes to the European Union treaty to strengthen the bloc "if it makes sense".

Oil Reacts To Saudis, Russia's Comments On Extending Output Deal To 2018
Woods also said that oil supplies would likely remain plentiful despite an extended cut. The May 25 meeting is when a final decision will be made on the nine-month extension.

At home, Macron started to shape his government by appointing relatively little-known lawmaker Edouard Philippe, 46, as his prime minister.

Speaking as the new president prepared to name the rest of his government later in the day, Francois Baroin, leader of The Republicans (LR) party which is being torn apart by Macron's divide and conquer tactics, said on BFM TV Philippe had "made a choice which is not ours".

Germany and France are the euro zone's two biggest economies.

Mr. Macron also called on the European Union to toughen its policies against countries that flout the rules of worldwide trade.

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.

French voters backed the president's mandate to strengthen the European currency in moves to push deeper EU integration.

After beating off completion from eurosceptic candidate Marine Le Pen, Mr Macron promised to "relaunch" Europe at his inauguration on Sunday, indicating he wants a joint budget, parliament and finance minister for the eurozone.

The president, a 39-year-old former investment banker, said he did not support the idea of so-called Eurobonds, which could allow euro zone countries to issue debt jointly, with some benefiting from lower risk premiums thanks to Germany's creditworthiness.

Macron said a reconstruction of the bloc was "the only reaction" to fight populism adding: "We need more pragmatism, less bureaucracy and a Europe that protects our citizens", he said.


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