The Franco-German Opportunity?
With Germany’s election over, French President Emmanuel Macron and German Chancellor Angela Merkel can get down to fixing the EU. But will domestic political opposition prevent them from achieving the compromises that Europe needs?
- Anatole Kaletsky is convinced that now is the moment to address Europe’s core problems, because Merkel and other EU leaders can no longer afford to stand still.
- Philippe Legrain agrees, arguing that Germany would be committing a monumental strategic blunder if it does not engage with Macron’s proposals for reform.
- Barry Eichengreen also believes that a narrow window has opened for eurozone reform.
- Christoph M. Schmidt, however, says that creating a shared eurozone-level budget or unemployment-insurance would only sow the seeds of future conflict.