ibusinesslines.com
ibusinesslines.com May 24, 2017


Macron Spent His First Full Day As President In Germany

20 May 2017, 02:47 | Erica Roy

Macron's party likely to win absolute majority in French parliamentary vote-poll | Reuters

The Latest: Putin congratulates new French president in call

Jean-Yves Le Drian, outgoing Socialist defence minister and a close friend of ex-President Francois Hollande, was named foreign minister and minister for Europe.

Macron said France was "the only country that has been unable to tackle mass unemployment in the last 20 years", and promised to fix it. The choice of Mr Philippe is aimed at drawing more defectors from The Republicans.

The euro hit a six-month peak and German stocks touched a record high on Tuesday as signals on further European integration contrasted with political turmoil and fresh doubts about the economy in the US.

Freshly elected French President Emmanuel Macron and German Chancellor Angela Merkel are the new power couple leading the charge against anti-European populists and trying to put the struggling EU back on track, analysts say.

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.

French President Emmanuel Macron chaired the first meeting of a cross-partisan government on Thursday, uniting right-wingers, left-wingers, old hands and new faces in a team whose first goal is to win parliamentary elections in June.

The pair said they are both prepared even to implement treaty changes if needed.

"In the past, the subject of treaty change was a French taboo - it will no longer be the case". "Macron!" and waving European flags.


"From the German point of view, it's possible to change the treaty if it makes sense", Merkel added reported the BBC.

A day after his inauguration the fervently pro-EU Macron made his first trip overseas, visiting Germany, the other half of the power couple driving European integration.

The polling data does not forecast the number of seats REM and its allies would win in the 577-seat National Assembly, which is hard to predict because of France's two-round voting system. "I have never favored mutualizing existing debt". He sought on Monday to show solidarity with Germany on the migrant crisis - an issue on which Merkel has pressed for European Union countries to work together - by saying that a common asylum policy was one area where Paris could cooperate with Berlin.

"The elections in the Netherlands and in France have made us aware what a treasure we have with Europe", Merkel said during a press conference with Macron on Monday.

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

The debut at the centrist leader's Elysee palace offices in central Paris followed publication of an opinion poll suggesting Macron's start-up party, Republic on the Move (REM), will come first in mid-June parliamentary elections; but it remained unclear whether he would win a majority. She is scheduled to give a television interview on Thursday night and an announcement is expected by week's end.

After campaigning for Socialist prime minister Michel Rocard as a youth, he switched to the right, becoming a close ally of centre-right former prime minister Alain Juppe.



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