France pushes UK to stay and Germany to pay

Mr Macron seems very happy thinking he has the blessings of the EU. Elżbieta Bieńkowska, Member of the EC in charge of Internal Market, Industry, Entrepreneurship and SMEs, received Emmanuel Macron, French Minister for Economy, Industry and Digital Sector earlier in November (EC Audiovisual Services, 6/11/2014)

Mr Macron seems very happy thinking he has the blessings of the EU. Elżbieta Bieńkowska, Member of the EC in charge of Internal Market, Industry, Entrepreneurship and SMEs, received Emmanuel Macron, French Minister for Economy, Industry and Digital Sector earlier in November (EC Audiovisual Services, 6/11/2014)

Emmanuel Macron, France’s minister of Economy, visited London this week in an attempt to step up for his country’s future policy reforms. Among others, Macron announced that Britain must remain an EU member state and that Germany should invest in the EU. However, it was not mentioned anything about the fines that the European Commission (E.C.) may impose to France next Monday.

France’s reform system

The French government has announced its new structural reforms that will contain tax motivations for companies and modifications for Sunday trading laws. By doing so they intend to provide to every business equal chance. Nevertheless, the French unions and the “strong” middle class workers will not let this happen but will protest and fight for their rights. There will be severe consequences for the government of Francois Hollande if such measures will be implemented.

Another serious matter that requires attention but was not mentioned by Emmanuel Macron is the French budget. The country’s deficit is above the threshold of 3% which indicates fines’ imposition (theoretically up to €5 bn) because of the restrictions of the Stability and Growth Pact. The European Commission has untill Monday to decide for the fate of the budgets of the EU member states. Commission’s officials are struggling to come up with the final decisions that will not bring the overreaction of the member states, if France is not forced to pay the aforementioned fines.

Germany has to invest

Germany is one more time in France’s target regarding EU investments. Macron urged the biggest European economy to “throw” money in the market. More specifically, France suggested that Germany should invest €50bn to fund new capital programmes and stimulate growth because this is affordable for the latter. However, Germany who is always supporting austerity seems not to paying much attention to these sayings and silently rejects this.

UK must stay in the EU

Emmanuel Macron further stated: “I think the UK is a sensible nation with rational people … Unless it wants to be Jersey or Guernsey I don’t see how the UK can succeed outside Europe.” This came after the question to whether or not he worries about a possible UK exit from the EU as a consequence of the referendum that David Cameron, UK’s prime minister, promised in 2017. In addition, the French Finance minister, Michel Sapin, sent the same message to the British Prime Minister yesterday at a meeting with journalists held in Paris.

Was this something planned by both ministers? Why are they so persistent and worried about the future of the UK?

One possible explanation would be the recent bill of €2.1 bn sent by Brussels to London. This extra money were asked because the UK economy is growing faster compared to the rest EU member states this year and has to pay more taxes. On the contrary, France will receive €1 bn due to the downslope of the economy. This urges the Conservative party of David Cameron to think a lot for the solution of UK’s detachment from the EU.

However, this cannot be the reason for UK’s exit. Instead of the polarising the sentiment of the UK voter to serve their electoral campaigns, the political parties of the Albion need to take a responsible stance in this matter, as it is common knowledge that there is a mutual interest of UK staying inside the Union.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Berlin Calling: DCX Expo on track to grow, in association with The European Sting

Why private capital is the key to unlocking carbon capture at scale

How AI can accelerate the search for treatments for emerging and intractable diseases

CLIMATE CHANGE FOCUS: Cows, coffee and sustainable farming

A ‘system value’ approach can accelerate the energy transition. Here’s how

On International Day, UN stands in solidarity with some 20 detained staff

CO2 emissions on the rise for first time in four years, UN agency warns

Economic uncertainty, geopolitical tensions stall growth in Latin America and Caribbean region, UN says

India’s economy is an ‘elephant that is starting to run’, according to the IMF

These are the 3 key skill sets workers will need to learn by 2030

A Sting Exclusive: Paris Climate Change Summit, a defining moment for humanity, by Ulf Björnholm Head of UNEP Brussels

Statement by Cecilia Malmström, Member of the EC in charge of Trade, on the successful conclusion of the final discussions on the EU-Japan Economic Partnership Agreement (EPA) – Brussels, 08 Dec 2017. (Copyright: European Union; Source: EC - Audiovisual Service; Photo: Georges Boulougouris)

The EU and Japan seal free trade pact that will cover 30% of global GDP

What’s happening to Greenland will affect the whole world – and our leaders need to understand why

A Glimpse into the Future of the Health with Mobile Technology

UN chief ‘deeply alarmed’ over military offensive in south-west Syria

Electric fleets can fuel decarbonisation efforts. Here’s how

We need natural solutions to fight ocean and climate risk

10 ways central banks are experimenting with blockchain

The challenges of the universalization of the health system in Brazil. What can we change?

Around 23 million boys have married before reaching 15; ‘we can end this violation’ says UNICEF chief

YO!FEST ENGAGES 8,000 YOUNG EUROPEANS IN FUTURE OF EU

Libya: $202 million needed to bring life-saving aid to half a million people hit by humanitarian crisis

Commission proposes to purchase up to 300 million additional doses of BioNTech-Pfizer vaccine

Eurozone cannot endure any longer youth marginalisation

3 reasons why embracing the circular economy can be powerful for middle income countries

We don’t know how autonomous vehicles will depreciate – and that’s a problem

How to provide health education and thus create better health systems

EU budget deal struck with Parliament negotiators

The COVID-19 recovery can be the vaccine for climate change

EU ready to relinquish its internal tax havens

Security Council urges ‘maximum restraint’ around Gulf region as Iran and United States trade diplomatic blows in New York

Will the French let Macron destroy their party political system?

Commission sets moderate greenhouse gas reduction targets for 2030

Systems leadership can change the world – but what exactly is it?

The Great Reset requires FinTechs – and FinTechs require a common approach to cybersecurity

Rural women a ‘powerful force’ for global climate action: UN Secretary-General

Tartu Call for a Healthy Lifestyle shows concrete results for EU citizens

Mergers: Commission opens in-depth investigation into proposed acquisition of DSME by HHIH

Colourism: How skin-tone bias affects racial equality at work

Kors and Nyong’o: Food, fashion and film join forces at UN, for the world’s hungry

EU adopts €55 million support package for Syrian refugees and local communities in Jordan and Lebanon to mitigate coronavirus pandemic

Does Greece really weigh what is asking for today in Russia?

Why moral leadership matters now more than ever

UN recognises role of sport in achieving sustainable development

Draghi’s 2018 compromise: enough money printing to revive inflation and check euro ascent

Prevention is key to ‘breaking the cycle of HIV transmission’, UN chief tells General Assembly

UN chief welcomes agreement by rival leaders in South Sudan, as a step towards ‘inclusive and implementable’ peace

Germany and OSCE support an east-west dialogue in Ukraine without exclusions

Coronavirus: the truth against the myths: Lockdown by a novel coronavirus, named 2019-nCoV

Chart of the day: These are the cities where the World Cup threatens productivity the most

This woman solved one of the biggest problems facing green energy

In Gaza, UN envoy urges Israel, Palestinian factions to step back from brink of a war that ‘everybody will lose’

Trash bin at the top of the world: can we prevent Arctic plastic pollution?

These are the world’s 20 most dynamic cities

European Commission increases support for the EU’s beekeeping sector

Lithuania should find its own way in the EU

How man and machine can work together in the age of AI

Waste-free consumption: 3 reasons why cities will lead

Generation Z will outnumber Millennials by 2019

Fleeing Venezuela: MEPs to probe humanitarian conditions in Colombia and Brazil

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s