Macron’s Plans for the Euro

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Series Details February 2018
Publication Date 23/02/2018
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When Emmanuel Macron was François Hollande’s economic adviser, and later his minister for economy, he had strong views on the reforms required for the eurozone to flourish. He called for elements of a transfer union, risk-sharing and demand management at eurozone level. However, although Macron’s self-confidence is limitless, he will be hard pressed to bend the Brussels institutions and the 18 other euro governments to his will on eurozone reform. It may not help that he and Merkel are likely to lead competing camps in the European elections. But if he can deploy his considerable charm and powers of persuasion on the Germans, he will achieve some reform.

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ESO: Background information: Reforming the Eurozone without a 'Grand Bargain': New Instruments and Power-Sharing in Incomplete Monetary Union
ESO: Background information: A new deal for the Eurozone: remedy of placebo?
Politico 26.09.17: Macron calls for new EU ‘strategic culture’ (Keynote speech by French President Emmanuel Macron, 26 September 2017) (et al)
Carnegie Europe: Strategic Europe, 15.09.17: Can Merkel and Macron Deliver a Franco-German Plan for Europe? (et al)

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