Macron and Merkel Signal New Move to Strengthen Eurozone

"The entire world is changing and we declare that we have exhausted ourselves once and that's it for our entire lifetime", she said.

"I will not reverse course on any of the commitments taken in front of the French people", Macron said on Sunday as he took power from Hollande, his former mentor, adding that "France is strong only if she is prosperous".

"We have to think about how we can deepen and crisis-proof the European Union, and especially the eurozone", she said.

Macron appointed Philippe, a lawmaker from the moderate wing of The Republicans party, on Monday to head his first government in a move aimed at broadening his political appeal and weakening opponents before parliamentary elections in June.

The announcement came as Macron travelled to Berlin to meet German Chancellor Angela Merkel.

"More often than not, the subject of treaty change was a French taboo". Macron insisted that the European Union should do more to protect itself against dumping.

Germany's stance that the United Kingdom can't access the European Union's single market without accepting its free-movement principles will be shored up by a like-minded leader in Paris, Michael Fuchs, a deputy parliamentary caucus chief of Merkel's Christian Democrat-led bloc, said in a Bloomberg Television interview on Tuesday.

"First we need to work on what we want to do, and then if it turns out it needs treaty changes, then we - or at least I - will be prepared to do that", she said.

Back in Paris, Mr Macron spent yesterday selecting his Cabinet with new Prime Minister Edouard Philippe.

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"We share the common conviction that we can not only focus on Great Britain's departure from the European Union, but rather we have to discuss ways to deepen our cooperation among the remaining members of the European Union, among the members of the Eurozone", she said.

Macron, who trounced far-right anti-EU leader Marine Le Pen in the election, urged a "historic reconstruction" of Europe to battle the populism sweeping the continent and widespread disillusionment with the bloc.

Mr Macron is also hoping to reform France's economy, he promised Ms Merkel he would implement the changes to bolster its position in the EU.

"Both of us represent the interests of their country but Germany's interests are closely tied to France's interests".

The freshly inaugurated French President embarked on an ambitious agenda on his first full day in office - naming a prime minister and then heading off to Germany on his first foreign visit.

Macron addressed a source of German concern by saying that he had "never defended [the idea of] Eurobonds or the mutualisation of existing debt in the eurozone" because it would make some countries less responsible.

Yet it remains to be seen if her approach would go down well in Germany, which is deeply averse to shouldering burdens of eurozone laggards.

Macron's meeting with Merkel was his first visit overseas after his inauguration on Sunday, as it had been for his predecessors - Nicolas Sarkozy and Francois Hollande. Germany, which has Europe's largest economy, has always opposed taking direct responsibility for weaker European Union countries' debts.

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