Angela Merkel offers Emmanuel Macron concessions on eurozone reforms

Angela Merkel offers Emmanuel Macron concessions on eurozone reforms

Angela Merkel offers Emmanuel Macron concessions on eurozone reforms

"If the whole euro zone is in danger, the EMF must be able to grant long-term credit in order to help countries", Merkel told the FAS.

As leaders of the eurozone's biggest economies, Merkel and French President Emmanuel Macron have promised that a joint roadmap for reforms will be presented at a Brussels summit on June 28 and 29. "In the future we will have to react to the challenges that we are faced with", she said.

Merkel clarified her views on several issues. "We remain fully committed to it and have the same level of ambition".

A French government source said, however, that more work still needed to be done for an "ambitious agreement on the monetary union".

Mr Macron has repeatedly expressed impatience with what he sees as foot-dragging by his German counterpart, who was tied up with five months of coalition building after an inconclusive general election in September.

Crises roiling Europe have focused minds in recent days, with a populist and eurosceptic government taking power in Italy and Spain ousting veteran prime minister Mariano Rajoy over a corruption scandal and his Socialist arch-rival Pedro Sanchez taking over. "Of the 180 weapon systems that now coexist in Europe, we must move to a situation like the United States, which has only about 30 weapons systems".

German Chancellor Angela Merkel has proferred a solution to cushion the effect of the imposition of new tariffs by President Donald Trump on the importation of steel and aluminum which has sparked outrage by allies of the United States of America.

In her words, cohesiveness among currency block members is important, "but solidarity between European partners should not lead to a debt union but help its members to help themselves".

"Nonetheless, such an intervention drive with a typical military-strategic tradition should match into the construction of protection cooperation", she added.

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