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Free AccessGroup Of EU States Warn Of EU Reform During Macron Strasbourg Speech
The speech from French President Emmanuel Macron at the European summit today promised to usher in a new conceptualisation of Europe. He suggested the formation of the multi-track Europe which would be open to non-EU members (and those who have already left).
- The speech also promised to reform the voting system of the EU to abolish unanimous voting, seemingly to remove the veto powers of non-confirming states like Hungary.
- Thomas Meyer of Der Standard: 'A sensation: French President Macron proposes in Strasbourg the creation of a European Confederation, with all willing democratic states, especially Ukraine. Would be "a political community" with the EU at its core! Takes up the proposal of F. Mitterrand in 1989.'
- There have also been immediate signs of a divergence within the EU over radical reforms of EU treaties.
- As the speech was being a delivered a 'non-paper' by Bulgaria, Croatia, the Czech Republic, Denmark, Estonia, Finland, Latvia, Lithuania, Malta, Poland, Romania, Slovenia, and Sweden 'on the outcome of and follow-up to the Conference on the Future of Europe' was released.
- The paper says that COVID and Russia 'clearly show that the EU can deliver within the current treaty framework.'
- The statement: 'We do not need to rush into institutional reforms in order to deliver results.'
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.