France welcomes Merkel’s comments on EU reforms

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The office of French President, Emmanuel Macron, on Monday, welcomed comments by German Chancellor, Angela Merkel, on reform of the European Union and the eurozone.

The Elysee Palace said in a statement that “Merkel is concerned about European sovereignty, including the issue of migration.”

It added that there was also a convergence regarding reform of the currency union.

It added that “Berlin and Paris however have more to do in the coming weeks to work on a more ambitious agreement on the banking union and of the budgetary capacity of the eurozone.”

Meanwhile, Merkel had presented her vision of how the eurozone should develop, among many other topics.

Her goals included the founding of a European currency fund and a common “investment budget,” although she envisaged a much smaller budget than Macron has demanded.

Merkel’s comments were seen by the Elysee as an “first response” to a speech given by Macron at the Sorbonne University in September in which he laid out his plans for a wide-ranging reform of the EU.

“This is a positive move, which is evidence of the chancellor and her government’s European engagement,’’ the Elysee said.

Given how long it took Merkel to form a new coalition government after September’s inconclusive German election, Macron has had to wait quite some time for Berlin’s response to his reform proposals.

The two countries are expected to agree a joint road map for EU reforms later this month.

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