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Free AccessMNI EXCLUSIVE: German MEPs Cautious But Hopeful on Macron Plan
--Tuesday Speech Seen as Start of Long Political Dialogue
--Free Democrats May Not Be Block On Integration Process
By Jack Duffy
PARIS (MNI) - French President Emmanuel Macron's ambitious proposals to
forge a more integrated European Union were "courageous" but represent only the
start of a long political dialogue between Paris and Berlin, German European
Parliament members from both the left and the right told Market News
International.
Macron's plea on Tuesday for common European approaches to defence and
migration as well as for a single Eurozone budget and finance minister were
greeted cautiously in Germany, but with many saying the proposals formed the
basis of a necessary debate.
"I think the speech was extremely courageous," Andreas Schwab, a
centre-right Christian Democratic Union MEP from the southwest Germany told MNI
in an interview. "It was a substantive proposal by the French president on
sharing sovereignty," he said.
"We have always said if the French are ready to share more sovereignty we
are ready to take more risk," Schwab said. "If you take all of Macron's
proposals together my take is that he is ready to go for a more general pooling
of sovereignty."
Asked whether a new German government under Chancellor Angela Merkel that
includes the eurosceptic Free Democrats would likely approve of any of Macron's
ideas, Schwab said he believed there was a way forward.
"There is nothing concrete yet in the details of the euro budget, the
finance minister or European Monetary Fund, but there are many possible ways to
make these ideas acceptable for Berlin and for Paris," he said.
Macron went out of his way in Tuesday's speech to appeal to German
sentiment, saying a common Eurozone budget budget "can only be undertaken with
greater responsibility which starts with respect for the rules and
implementation of indispensable reforms." He said the goal of tighter
integration "was not to mutualise past debts."
On the other side of the political divide, the centre-left Social Democrat
MEP Udo Bullmann called Macron's speech "a necessary and helpful provocation."
Bullmann, in an interview with MNI, said the European policies of Merkel
and Finance Minister Wolfgang Schaeuble represented a "a permanent standstill"
and needed to be shaken up.
"For the last 10 years they have said there is a problem but we reject all
the proposed solutions. The house is burning but you are not allowed to use any
exit," Bullmann said. "Now we are in a situation where they have to react and I
am looking forward to it."
However, it appears that a change is already ahead, with the shake-up hoped
for by Bullman underway, as Schaeuble is set to leave the finance ministry and
take on the role of President of the Bundestag.
That may not lead in a direction Bullman would wish for, as it is widely
expected that Free Democrat leader Christian Lindner, more hard-line on European
issues, could take the finance minister post as a price of coalition with the
ruling CDU/CSU.
Despite that, Bullmann said that Macron's speech opens the door to a debate
that has long been taboo in Germany: how to equalize conditions in the EU's
richer and poorer nations.
"If this intervention by Macron leads to breakage of this taboo in public
debate it would be very helpful," he said.
--MNI Paris Bureau; tel: +33 1-42-71-55-41; email: jack.duffy@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$E$$$,M$F$$$,M$G$$$,M$X$$$,MC$$$$,MT$$$$,MX$$$$,MFF$$$,MFG$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.