French president Emmanuel Macron has threatened to hold up ratification of an EU trade deal with Mercosur unless Brazil’s Jair Bolsonaro does more to fight fires in the Amazon Rainforest.
Canada, Finland, Ireland and the Netherlands have backed Macron up. Germany is less sure. Donald Trump is expected to side with Bolsonaro at the G7 summit this weekend.
Here are the arguments for and against the threat. Read more
The worst argument against French president Emmanuel Macron’s latest EU reform push — made, among others, by the Russian-born Leonid Bershidsky, who writes for Bloomberg View from Germany, and the Dutch political commentator Peter van Nuijsenburg — is that it only provides ammunition for rival parties opposed to more European integration.
There are fair criticism to be made. Bershidsky also argues that Macron’s call for a European “renaissance” largely consists of adding more EU agencies and that what the bloc really needs is a shared Franco-German vision.
But the idea that less ambitious proposals, or no proposals at all, would appease the Euroskeptics is wrong. Read more
In op-eds in newspapers across the continent, French president Emmanuel Macron has called for a renewal, or renaissance, of the European project.
It is his second big push for EU reform since his speech at the Sorbonne in September 2017.
At the time, I divided Macron’s proposals, which ranged from a common eurozone budget to a single European asylum office, into the difficult, doable and low-hanging fruit. (I didn’t get everything right; there is still no single European asylum policy but there will be a eurozone budget, if a much smaller one than Macron envisaged.)
Let’s use the same division this time. Read more
Commentators outside France have been predicting Emmanuel Macron’s downfall from the beginning of his presidency.
My own view throughout has been that unpopularity is unlikely to keep Macron up at night. He has been reforming France so thoroughly and at such a fast pace that he was bound to make enemies everywhere. He has a long-enough mandate (five years) to see his reforms bear fruit. And because both the center-left and center-right are in disarray, there is no strong opposition against him.
That threatened to change this winter, when opponents of a fuel-tax increase donned fluorescent yellow vests and took to the streets. Suddenly reactionary France had a movement. Polls showed massive support. Macron hastily canceled the tax hike, the first time he had bowed to public pressure. His political obituaries were being rewritten again. Read more
Protests against a fuel tax increase in France have morphed into violent demonstrations against the presidency of Emmanuel Macron.
This weekend alone, 260 rioters were arrested in Paris, where cars were set ablaze and stores looted. A woman was killed in Marseille when a protester threw a tear gas canister through the window of her home.
The so-called Yellow Vests movement, named after the fluorescent safety vests French motorists are required to keep in their cars, started in opposition to higher taxes on diesel and gasoline. The increases are meant to help France meets its climate goals.
Diesel tax would rise 6.5 cents per liter, gasoline tax 2.9 cents. Leonid Bershidsky of Bloomberg calculates that the average motorist would end up paying €13 more per month. Hardly worth setting Paris on fire for.
The movement isn’t really about taxes then. It is that they have become a symbol for reactionaries who feel Macron has ignored them. Read more
The Financial Times reports that Emmanuel Macron and Angela Merkel have made a “breakthrough” on eurozone reform: the French and German leaders agree the currency union should get its own budget.
The move is good news for the French president, who has long believed that giving the single currency area its own resources will make it more resilient to economic crises.
But it is unlikely to come into being any time soon. Read more
I don’t get the liberal handwringing about Emmanuel Macron’s falling popularity.
A few recent examples:
I’ve argued before that polls are unlikely to keep the Frenchman up at night. The opposition still hasn’t got its act together and the next presidential election isn’t until 2022. That gives Macron plenty of time to repair his public image and for his now-divisive reforms to start bearing fruit. Read more