Will Macron and Merkel Reform the Eurozone?
Even though the French President Emmanuel Macron and the German Chancellor Angela Merkel have been repeatedly pledging to work together on reforming the European Union and the Eurozone, their diverging visions of reforms as well as an unstable political situation in Germany prevented them from stepping up to the plate. Amid their indecisiveness, on January 17, fourteen leading German and French economists published a joint manifesto, in which they called for driving the Economic and Monetary Union reform forward. Will academics persuade political leaders to proceed with the deepening of the integration? And what would such an integration mean for countries outside the Eurozone, such as Poland?