It is a success, that the president of the Republic does not wish to mediate beyond the measure but the result is there. Monday, may 18, the press conference of the franco-German has lifted the veil on the negotiations, which are played in the last two months between the two countries.
Angela Merkel and Emmanuel Macron have unveiled the franco-German agreement for a comprehensive plan to revive the euro area. Berlin and Paris have agreed to allow the european Union to incur debt to the tune of 500 billion euros, in order to be able to redistribute the aid to the countries and regions most impacted.
A recovery plan to the French, validated, and accepted by Berlin
However, during the summit of european heads of State of 26 march last, the German chancellor, however, was firmly opposed to any idea of debt common. The rivalry between the countries of the North, proud of their fiscal discipline and those of the South, applicants for a stronger support of the european Union, was then exacerbated, and France and Germany cristallisaient this opposition of principle.
Since the end of march, the negotiations between the franco-German couple is intensified to reach the historic agreement presented at the beginning of the week. Emmanuel Macron has managed to persuade Germany to turn its back on two major principles of its economic policy. Angela Merkel has, therefore, given its consent for :
- A debt common to allow for a mutualisation of debts
- An unprecedented increase in transfers (with this loan of 500 billion euros, multiply by 3.5 the european budget current)
A victory to confirm before the 27th may next
It is therefore a victory of Emmanuel Macron, who has certainly had to agree to a few counterparties. The will French out the recovery plan of the budget of the European Union has been rejected by Berlin.
If the franco-German couple could be proud of this agreement, he is also fully aware that the worst was yet to come. It is now necessary to obtain the consent of the 27 member states of the european Union by the 27th of may next. The countdown has already started, but Emmanuel Macron insisted on the importance of the efforts made by Germany and France :