Speaking in English, he added: "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 must implement labour market reforms and revamp its education system to revive growth, while Germany must accept that more investment instead of austerity can boost growth across the euro zone area, the centrist politician said.
"The dysfunctioning of the euro is of good use to Germany, I have to say," said Macron, adding that a lack of trust between France and Germany was blocking major reforms that would increase solidarity among the 19 members of the euro zone. "The euro is a weak Deutsche Mark," said Macron. "The status quo is synonymous, in 10 years' time, with the dismantling of the euro."He proposed the creation of a euro zone budget to finance growth-oriented investments and to extend financial assistance to struggling member states.
Source: Reuters.com
