French President Emmanuel Macron has received praise from the European Central Bank with his proposals for reforms in the EU and the euro zone. ECB Chief Economist, Peter Praet told the newspaper "Les Echos" in an interview published on Thursday that Macron's advance was encouraging and gratifying. "This is no longer a policy of small steps. This time, the bar has been set very high. "The reforms need to be implemented and find support in the population.
The central banker, who was born in Germany, has repeatedly called on the governments of the euro zone to reform the structure in order to ensure more economic growth. Macron had suggested this week, among other things, to equip the Eurozone with its own budget and appoint its own Finance Minister for the currency area. Chancellor Angela Merkel said on Thursday evening at the EU summit in Tallinn that there was a high degree of agreement between Germany and France. "However, we still need to talk about details."
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