AssetID: 55456310
Headline: UNCAPTIONED: Germany Rejects Macron's Call for New Eurobonds Ahead of EU Summit
Caption: Germany Rejects Macron’s Call for New Eurobonds Ahead of EU Summit. German Chancellor Friedrich Merz’s government rejected French President Emmanuel Macron’s proposal for new joint EU borrowing, or eurobonds. Macron had urged Europe to launch common debt to boost investment in strategic sectors, arguing the move was essential to compete with the U.S. and China. Berlin dismissed the idea within hours of Macron’s interview being published, calling it a distraction from Europe’s productivity challenges. A senior German official said additional investment should be addressed within negotiations over the EU’s next long-term budget, the Multiannual Financial Framework for 2028-2034. The disagreement came ahead of an EU leaders’ retreat in Belgium focused on competitiveness and setting priorities for a March summit in Brussels. Berlin outlined three priorities: deepening the single market, accelerating trade agreements and cutting bureaucracy across the bloc. Merz has increasingly distanced himself from Macron’s more interventionist economic approach, aligning more closely with Italian Prime Minister Giorgia Meloni. German officials also called for major EU budget reforms, warning that further joint borrowing could worsen Europe’s debt burden. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Germany,France,Eurobonds,Friedrich Merz,Emmanuel Macron,EU summit,joint borrowing,Multiannual Financial Framework,EU budget reform,competitiveness,Italy,Giorgia Meloni
PersonInImage: