Macron has been forced to wait for months for a concrete response from Merkel.
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German Chancellor Angela Merkel's conservatives and the Social Democrats pledged Friday to work closely with France to strengthen the eurozone, in Berlin's first substantive response to President Emmanuel Macron's EU reform proposals. In a 28-page policy document agreed after all-night talks between the German parties, they backed the idea of an "investment budget" for the single currency bloc and turning the ESM bailout mechanism into a full-blown European Monetary Fund under parliamentary control and anchored in EU law.Days after the German election in September, Macron spelled out sweeping proposals in a speech in Paris, calling for a eurozone budget to help the bloc cope with external economic shocks and closer cooperation on defense and migration.In the document, the German parties called for "a new awakening for Europe" and pledged to work closely with France to achieve this, but remained vague on the details.
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