Macron: the euro may not exist in ten years

[webfact]

Macron: the euro may not exist in ten years

Catherine Hardy

 

 

PARIS: -- The euro may not exist in ten years’ time if Paris and Berlin fail to bolster the single currency union.

 

The warning has come from the French presidential candidate Emmanuel Macron.

 

What Macron said

 

“The truth is that we must collectively recognise that the euro is incomplete and cannot last without major reforms,” Macron said in a speech at a university in Berlin.

 

“It has not provided Europe with full international sovereignty against the dollar on its rules. It has not provided Europe with a natural convergence between the different member states.”
 

France and Germany
 

France must implement labour market reforms and revamp its education system to revive growth, Macron said.

 

Germany must accept that more investment instead of austerity can boost growth across the eurozone area, he added.

 

“The euro is a weak Deutsche mark, the status quo is synonymous, in 10 years’ time, with the dismantling of the euro.”
 

With 100 days to go before the France’s presidential election, Macron also said Germany and France are united in the fight against terrorism.

 

The 39-year-old independent candidate visited the makeshift shrine at the site of the Christmas market in Berlin where 12 people died in a militant attack in the week before Christmas.

 

“I am convinced it is the historic destiny of France and Germany to lead this fight together, because they have been hit the same way.”

 

“Obviously, Germany has been hit more than France by the issue of migration. There is solidarity between France and Germany to lead in a spirit of responsibility.”

 

Who is Emmanuel Macron?
 

• French Economy Minister under Socialist President Francois Hollande
• Resigned to create his own political movement, “En Marche”
• Standing as an independent candidate in 2017 French presidential election

 

What the polls say

 

39-year-old Macron has enjoyed a boost in the polls recently.

 

They suggest he has cemented his position as the presidential election’s “third man” and is within a whisker of reaching the crucial second round run-off vote to be held in May.

 

An opinion poll last week showed the lead had narrowed for conservative candidate Francois Fillon.

 

Both Macron and far-right leader Marine Le Pen look to be gaining on the former prime minister.

 

The Socialist Party will choose a candidate in a primary at the end of January.

 

 

-- © Copyright Euronews 2017-01-12

 

[BuaBS]

Can't we get rid of it in 5 years ... or 3 ... or tomorrow ?

[johna]

An optimist, if the EU goes on baiting Russia, we may be using the Ruple

[hugh2121]

The real surprise is that it has lasted this long.

[KhunBENQ]

A sick construct introduced against the will of the majority of people (at least in Germany) for the benefit of bangsters/gamblers/multinationals.

Oh please make a painful end ASAP instead of endless suffering and subsidy for the foot lame.

Maybe the elections in France will topple the first domino.

Germans are still too numb to get rid of the Merkel regime.

 

[ilostmypassword]

2 minutes ago, KhunBENQ said:

A sick construct introduced against the will of the majority of people (at least in Germany) for the benefit of bangsters/gamblers/multinationals.

Oh please make a painful end ASAP instead of endless suffering and subsidy for the foot lame.

 

Actually you couldn't be more wrong about the Euro and Germany. The Germans love the Euro. It has enabled them to keep on being an export powerhouse by artificially devaluing the Euro in relation to their economy. If they had the Mark, their products would be much more expensive on world markets.

[KhunBENQ]

Having lived in Germany for over 40 years I got a different impression.

Depends on what part of society you include in "Germans".

[ilostmypassword]

10 minutes ago, KhunBENQ said:

Having lived in Germany for over 40 years I got a different impression.

Depends on what part of society you include in "Germans".

I stand corrected. I should have written, if Germans are opposed to it, it means that they don't understand how hugely it subsidizes their economy.

Edited January 12, 2017 by ilostmypassword

[Baerboxer]

27 minutes ago, ilostmypassword said:

I stand corrected. I should have written, if Germans are opposed to it, it means that they don't understand how hugely it subsidizes their economy.

 

I'm sure a lot of German people don't. Just the same as people in Greece, and other less well off Euro using countries haven't understood that how Germany has benefited whilst they have suffered.

 

But that's not the main reason why all the socialist, center left, liberals, and more extreme left support and will keep the Euro whatever it takes. It's one of the foundations of a single federal state, which is top of their agenda. 

 

 

[Jonmarleesco]

Ten years? That strikes me as optimistic. But then we are talking of the EU, and they won't accept the Euro is dead until it is lying on its back and flapping its legs.

[ilostmypassword]

On 1/12/2017 at 0:27 PM, Baerboxer said:

 

 

 

But that's not the main reason why all the socialist, center left, liberals, and more extreme left support and will keep the Euro whatever it takes. It's one of the foundations of a single federal state, which is top of their agenda. 

 

 

Utter nonsense. The former left wing economics minister of Greece pushed very hard to drop the Euro. But Germany imposed such harsh conditions on such an exit that the Greek government decided it wasn't worth it. And Estonia, with a right wing government, joined the Eurozone after the Euro debacle.  Your kind of remark has more to do with Pavlov than it has to do with actual knowledge. Any political or economic development you don't like, you blame the left.