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Merkel hits back at opponents of Eurozone reform

IANS  |  Berlin 

German has reiterated her support for far-reaching reforms on Monday despite growing opposition in her party and

"The firm desire to find a shared pathway remains", Merkel's told the press, reported on Monday.

The federal still aimed to reach an agreement among members over changes proposed by French before an upcoming (EU) summit at the end of June.

Seibert further announced that Merkel would hold discussions with senior CDU and CSU politicians on Monday to clarify their stance and subsequently meet Macron to discuss progress resulting from an "intensive" working process at the international level in on Thursday.

Earlier, CDU/CSU (CDU) had described June as being too early a date to reach a comprehensive agreement on reform and ruled out key elements of the plan proposed by Macron such as the creation of a (EMF), shared Eurozone budget and for deposits.

Seibert tried to downplay a resulting appearance of backtracking by by highlighting that it was "not unusual" for and to agree on some aspects of policy and disagree on others.

Joining the debate on Monday, however, German EU (CDU) attacked the federal of being too hesitant to embrace change. "Macron deserves to no longer be kept waiting by Germany", Oettinger told the newspaper

Oettinger warned that German policymakers could not simply "skeletonise, dissect and individually refuse" the French president's reform program. The Eurozone was currently presented with a unique opportunity to complete (EMU) and hereby make up for mistakes and omission of past decades which had hampered its development so far.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 08:00 IST