Europe has been seriously hit by the outcome of the German elections. And it’s difficult for it not to suffer the consequences of being led by Germany. What is in doubt is whether in the next crisis, which could be fuelled by any of the underlying threats (Russia, immigrants, separatism etc) there will be sufficient common resources to deal with them.
Emmanuel Macron’s proposals
Angela Merkel’s victory in Sunday’s general election in Germany was insufficient and fairly negative for the rest of Europe. For one thing, the Macron Plan, to create fiscal unity, has automatically been pushed back for at least four years.
The French government sold 99,9 million shares, or 4.1 pct, of Engie via an accelerated placement at the market’s close on Tuesday September 5. The company decided to participate in the operation, buying 11.1 million shares, or 0.46% of capital, representing 11% of the whole placement.
French President Emmanuel Macron’s government has announced reforms to loosen labour market regulations, fuel a fast improvement in employment numbers and boost the economy.
Nick Ottens via Atlantic Sentinel |French president Emmanuel Macron has won support from the leaders of Austria, the Czech Republic and Slovakia for reform of the EU’s posted workers regime. The French president argues the rules must change to make Europeans feel the EU works for them.
New French president Emmanuel Macron wants to solve the problem of the stability of the euro and its finances once and for all, by implementing some kind of European Fiscal Union.
France has a financial system worth seven billion euros, compared with Germany’s four billion or the Spanish financial system’s three billion (because of Santander and BBVA). But the Bank of France’s balance sheet is supported by the CFA franc.
Making democracy work certainly is no mean task but one way of understanding the victory of Emmanuel Macron in France is reason beating irrational fears. Or as Macron himself has said: you convince people “by speaking to their intelligence.”
Peter Lundgreen via Caixin | My best guess is that more than 99 percent of all economic analyses from the end of 2015 predicted a higher GDP growth in France this year. I myself have since long been skeptical about the economic growth prospects for the Eurozone, including that of France.