Solidarity in euro zone should not lead to debt union, Merkel says

The Macron Trade       Falling political risk and better economic performance have boosted French stocks              Source Bloomberg

The Macron Trade Falling political risk and better economic performance have boosted French stocks Source Bloomberg

Reports say a major trading war is brewing between the United States and its closets allies after the imposition of new tariffs which could see USA consumers pay more for everything from canned soup to cars.

He then learn out the checklist of cupboard members, saying that the leaders of Italy's populist alliance, Luigi Di Maio of the 5 Star Motion and Matteo Salvini of the League, could be at his aspect.

Merkel also said that a future EMF would be organized on an intergovernmental basis and national parliaments of member countries would have oversight. The chancellor also said she backed an investment budget for the euro zone, which would be in the low two-digit billions of euros that would be introduced step by step and evaluated over time to address structural weaknesses of member states.

Unlike the French President, Angela Merkel believes that such force should be coordinated with the European structures of cooperation in the defense sector.

She said that while solidarity among members of the single currency bloc was important, "solidarity among euro partners should never lead to a debt union, rather it must be about helping others to help themselves". There also needs to be common standards for asylum in Europe, Merkel said, and a unified external border control, which will be operated by Frontex.

UK's highest court to rule on Northern Ireland's strict abortion law
Unlike other parts of the United Kingdom , the 1967 Abortion Act does not extend to Northern Ireland. The three women produced and took the tablets.

German Chancellor Angela Merkel is coming under pressure to address allegations that she knew as early as previous year about mismanagement in the government office for refugees that came to light recently.

However, Merkel's composure has not necessarily been reflected elsewhere in Germany.

"I am in favor of President Macron's proposal for an intervention initiative", Merkel said, reported Politico.

As an alternative to European Union defense forces, Mr. Macron has hinted at closer cooperation between France and the United Kingdom, western Europe's two major military powers, both of which possess nuclear weapons. But Andrea Nahles, leader of the center-left Social Democrats in the ruling coalition, told the ARD public broadcaster Ms. Merkel's remarks were "very pleasing" with "a totally new tone".

Latest News