German parties offer first response to France's Macron on Europe
Among other things, they support the idea of an "investment budget" for the single-currency bloc
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Berlin
GERMAN Chancellor Angela Merkel's conservatives and the centre-left Social Democrats (SPD) pledged on Friday to work closely with France to strengthen the eurozone, in their first substantive response to President Emmanuel Macron's ambitious EU reform proposals.
In a 28-page policy document agreed after all-night talks between the German parties, they backed the idea of an "investment budget" for the single-currency bloc and turning the ESM bailout mechanism into a full-blown European Monetary Fund under parliamentary control and anchored in EU law.
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