The proposals that the French President has made to reform the eurozone's finances have divided policymakers in Germany, confirms Berenberg Bank Chief Economist Holger Schmieding in this interview for DW.
French President Emmanuel Macron has encouraged Europeans to open up to more political and economic reforms. He supported the idea of a two-speed Europe where a core group of reformers should take the lead.
Germany's blue-chip Dax index and the euro have pared early losses suffered after Chancellor Angela Merkel's efforts to form a coalition government failed. But political uncertainty in Europe's biggest economy remains.
Leaders in Brussels hailed the deal on a new German coalition government as good news for Europe. Martin Schulz, formerly president of the European Parliament, said Berlin would "return to an active and leading" EU role.
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