{"id":4366,"date":"2018-05-15T16:22:01","date_gmt":"2018-05-15T16:22:01","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=4366"},"modified":"2018-05-15T16:22:01","modified_gmt":"2018-05-15T16:22:01","slug":"4366","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/","title":{"rendered":"France confident of progress towards euro zone budget with Germany"},"content":{"rendered":"
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Source: (Reuters) – PARIS \u00a0– France is optimistic it can reach an agreement with Germany on proposals for a euro zone budget and other reform plans by June, with Finance Minister Bruno Le Maire saying it would be \u201cirresponsible\u201d to delay any longer.<\/p>\n

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Since coming to power a year ago, Macron has made euro zone reform a priority, but his ability to deliver depends on reaching agreement with Germany on the best way forward and convincing the rest of the euro zone to back the ideas.<\/p>\n

\u201cThe euro zone cannot withstand economic divergences among its member states. It won\u2019t hold together,\u201d Le Maire told reporters late on Monday.<\/p>\n

\u201cI think it\u2019s time to dot the i\u2019s,\u201d he said. \u201cIt would be irresponsible to wait any longer. History will judge us harshly.\u201d<\/p>\n

An adviser to President Emmanuel Macron affirmed the need for Franco-German agreement and said he was optimistic Berlin and Paris would have a common framework to present to other euro zone leaders ahead of a summit in Brussels on June 28-29.<\/p>\n

\u201cOur conversations with Germany lead us to be more confident than not,\u201d the adviser told reporters on Tuesday.<\/p>\n

When he first laid out his thinking on reforms, Macron talked about creating a sizeable separate budget for the 19 countries that share the single currency, appointing a single finance minister and converting the bloc\u2019s emergency rescue fund into something more akin to a European monetary fund.<\/p>\n

German Chancellor Angela Merkel has praised Macron for his ideas, but poured cold water on some of them, especially those that may result in Germany taking on more risk.<\/p>\n

In a speech in Aachen, Germany, last week, Macron urged Merkel to drop her \u201cfetish\u201d for fiscal conservatism, which he suggested was standing in the way of progress.<\/p>\n

DIVERGING VIEWS<\/h3>\n

Even if the two can agree a common position on a euro zone budget, it is likely to start as a small facility, not the several points of GDP here<\/a> Macron suggested last August.<\/p>\n

German Finance Minister Olaf Scholz suggested on Tuesday that progress was possible on transforming the European Stability Mechanism, a rescue fund set up during the sovereign debt crisis, into a facility to wind down bad banks.<\/p>\n

\u201cWe want to develop further towards a European Monetary Fund (not Stability Mechanism). That is important for the future stability of the euro zone,\u201d he said.<\/p>\n

That is a different direction to Macron\u2019s proposal, which focuses on turning it into a preventative fund to help member states facing short-term financial difficulties, but does at least indicate a change in its purpose is possible.<\/p>\n

As well as the budget issue, the Elysee adviser said France was confident it could reach agreement with Germany on plans for banking union and a stabilisation fund by June.<\/p>\n

The proposal for a single euro zone finance minister has effectively been dropped, although Macron maintains it will be necessary in the end as the bloc becomes more integrated.<\/p>\n

While it may be possible for Germany and France to agree a joint position, they face an uphill battle to convince other member states that the proposals are worth backing.<\/div>\n

The Netherlands, Finland and other countries have expressed reservations about Macron\u2019s plans, saying they go too far and are unnecessary for now.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Source: (Reuters) – PARIS \u00a0– France is optimistic it can reach an agreement with Germany on proposals for a euro zone budget and other reform plans by June, with Finance Minister Bruno Le Maire...<\/p>\n","protected":false},"author":33,"featured_media":4367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10219548024599422_1632221337088128":"","twitter_242054905_242054905":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[115,3],"tags":[],"class_list":["post-4366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alemania","category-politica"],"acf":[],"yoast_head":"\nFrance confident of progress towards euro zone budget with Germany - Noti-America.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"France confident of progress towards euro zone budget with Germany\" \/>\n<meta property=\"og:description\" content=\"Source: (Reuters) – PARIS \u00a0– France is optimistic it can reach an agreement with Germany on proposals for a euro zone budget and other reform plans by June, with Finance Minister Bruno Le Maire...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/\" \/>\n<meta property=\"og:site_name\" content=\"Noti-America.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-15T16:22:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/05\/Emmanuel-Macron-Angela-Merkel-eurozone-864993.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"590\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo estimado de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"France confident of progress towards euro zone budget with Germany\",\"datePublished\":\"2018-05-15T16:22:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/\"},\"wordCount\":555,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/05\/Emmanuel-Macron-Angela-Merkel-eurozone-864993.jpg\",\"articleSection\":[\"Alemania\",\"Pol\u00edtica\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/\",\"url\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/15\/4366\/\",\"name\":\"France confident of progress towards euro zone budget with Germany - 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