Merkel's plans for the European Union: joint military force, common migrant asylum standards

Five-Stars Movement leader Luigi Di Maio speaks to supporters during a meeting in Naples Italy 29 May 2018

The leaders of Italy's right-wing League and the 5-Star Movement late on Thursday patched up their alliance after agreeing to substitute a eurosceptic they had initially proposed as economy minister but who was rejected by the head of state.

German Chancellor Angela Merkel said in an interview on Sunday that she supports the idea of a joint European defense force, adding that the initiative could even be open to UK's participation after Brexit, Politico reports.

More must be done to strengthen to the architecture of the eurozone, German Chancellor Angela Merkel said, giving a new push for reforms to the currency union ahead of an EU summit this month.

"If the whole euro zone is in danger, the EMF must be able to grant long-term credit in order to help countries", Merkel told the paper.

"I can imagine the possibility of a credit line that is short-term, five years for example".

More work still needs to be done for an "ambitious agreement on the monetary union", the source said.

Volcano eruption in Central America kills six
The Volcán de Fuego has spewed a stream of lava into a nearby village and sent a column of smoke and ash into the sky. A woman who was covered in ash told the Diario de Centroamerica that lava had poured through corn fields.

The SPD have been critical of the conservatives' focus on austerity in the euro zone and had pressed Merkel to engage more actively with Macron on his reform proposals.

In addition to a banking and capital markets union, the euro zone should turn the ESM into an EMF with powers to give member states hit by sovereign debt troubles shorter-term credit lines, Merkel said.

The EU has been under pressure to show unity after US President Donald Trump's recent moves such as pulling out of the Iran nuclear deal and imposing tariffs on European steel and aluminium exports, according to Reuters.

Merkel also called for European cooperation on migration and asylum programs.

Bouvet said investors were also buoyed by comments from the new prime minister that he would keep the 2018 budget in place, so there would be no immediate adverse effect on Spain's public finances.

This story has not been edited by Firstpost staff and is generated by auto-feed.

Related News:

  • Giuliani: Trump couldn't be indicted even if he shot Comey

    Manafort has been charged by Mueller with multiple felonies, including money laundering, conspiracy and bank and tax fraud. Those opinions, though, are not the same as a court decision, nor do they rule out a president being forced to testify.
    Story, style makes the ride in 'Solo' too bumpy

    Story, style makes the ride in 'Solo' too bumpy

    As one of the most beloved characters in a galaxy far, far away, this origin story had a lot to accomplish. Ron Howard has several wins in his directorial kitty (including the simply superb Arrested Development ).
    Simona Halep & Maria Sharapova into round three

    Simona Halep & Maria Sharapova into round three

    Ukraine's fourth seed Elina Svitolina reached the third round with a 6-3 6-4 win over Slovakia's Viktoria Kuzmova. She knows getting carried away would be a big mistake.
  • Questions Loom Over FBI Agent Whose Gun Fired Inside Nightclub

    Questions Loom Over FBI Agent Whose Gun Fired Inside Nightclub

    Julie said she was shocked by the incident and wanted to make sure her friends were OK at the moment. "You're here to have fun!" The agent tucked the weapon back into his waistband, raised his hands and walked away from the crowd.
    Conte: Chelsea ‘drops’ interest in Sarri, eyes new manager

    Conte: Chelsea ‘drops’ interest in Sarri, eyes new manager

    But Cahill insisted: 'I'm just going there in such a positive frame of mind and no nerves, just excitement to go over there. But I (always had) the belief that I could make the squad'.
    Sanchez takes charge in Spain as tarnished Rajoy departs

    Sanchez takes charge in Spain as tarnished Rajoy departs

    The Madrid stock exchange was up 2 percent after Sanchez won the vote and earned a standing ovation from his party's lawmakers. Sanchez and his party are staunch supporters of the European Union and the euro currency shared by 19 European Union nations.
  • Guatemala volcano erupts, killing children as lava spews into village

    Guatemala volcano erupts, killing children as lava spews into village

    There were no immediate reports of any casualties, but authorities are advising those close to the crater to evacuate the area. Villages in the Escuintla department were affected, too, CONRED Executive Secretary Sergio García Cabañas said.
    NBA Finals 2018: Stephen Curry breaks 3-point record

    NBA Finals 2018: Stephen Curry breaks 3-point record

    If Cleveland Cavaliers fans needed another reason to hate Golden State Warriors forward Draymond Green , they got it on Saturday. Through two games of the 2018 Finals, Curry is making a pretty serious case that he should check off that box.
    Jury awards 4 cents to family of black man killed by deputy

    Jury awards 4 cents to family of black man killed by deputy

    A lawyer representing Mascara and Newman did not respond to an email seeking comment. "Why go there with the $1?" he asked. Seeing the officers, he started to close the door - and pulled out a gun, police said.
  • In a network there were new photos of iPhone SE 2

    In a network there were new photos of iPhone SE 2

    Apple will also refresh 12-inch MacBook and MacBook Pro models with the latest chips and keyboards from Intel. If you decide to try iOS 12 on your phone or tablet in June, you'll want to be careful.
    Is Microsoft acquiring GitHub?

    Is Microsoft acquiring GitHub?

    The acquisition comes after nine months of uncertainty for GitHub, seeing that it hasn't been able to find a new CEO in that time. Many corporations, including Microsoft and Alphabet Inc.'s Google, use GitHub to store their corporate code and to collaborate.
    Alexander Zverev ends Grand Slam hoodoo against top-50 players

    Alexander Zverev ends Grand Slam hoodoo against top-50 players

    The second seed recovered to win from two-sets-to-one down for a third consecutive match at the French Open on Sunday. Open champion in 2017, blew past Anett Kontaveit of Estonia 6-2, 6-0 in just 52 minutes on Court Philippe Chatrier.


Most liked

Visa: 'Service disruption' blocking Europe transactions
Credit card company Visa is experiencing a service disruption across Europe which is preventing transactions being processed. Bank of Ireland said it was aware of the disruptions but that people can withdraw cash from ATMs.

Klay Thompson Expects To Play In Finals Game 2
Houston's third quarter performance undid all of its hard work , but it proved that breaking down the Warriors isn't impossible. Second quarter, 8:14, 39-33 Warriors: George Hill has been one of the lone bright spots for the Cavs in the game.

Mueller Runs Up $16 Million Tab in Trump-Russia Investigation
Sekulow and Dowd, who has since resigned from Trump's legal team, also talk about the priorities and perception of the presidency. Comey has said that Trump asked him to let the case against Flynn go in an Oval Office meeting the day after Flynn's firing .

New blood test could be the ‘holy grail of cancer research’
Scientist have developed a simple blood test that could detect ten types of cancer years before sufferers fall ill. However, it was less effective at detecting stomach, uterine and early-stage prostate cancer, the authors said.

Hamptons 'builder to the stars' feared dead in plane crash
Grieving loved ones hunkered down at the Krupinski compound in East Hampton, with private security guards turning away reporters. Krupinski has built the palatial homes owned by such Hamptons luminaries as Martha Stewart and Billy Joel.

Memorial Tournament - Tiger Woods Has More Than Enough Game to Win
At the place where he has won five times, he can try to be aggressive and see what happens. "I played really, really well". Englishman Justin Rose needed a win to become world number one but a two-under 70 left him three back in joint sixth.

Liverpool icon Dalglish urges fans: Don't boo Coutinho on Anfield return
Croatia set up in a 4-4-2 formation and overran the Brazilian midfield trio of Fernandinho, Casemiro and Paulinho. He then ran to hug Brazilian soccer confederation doctor Rodrigo Lasmar on the sidelines at Anfield.

Trump can probably pardon himself, but has no plan to: Giuliani
Rudy Giuliani is supposed to be on cleanup duty, but he keeps making a mess. "I believe the court is going to be on the President's side on this", Lewandowski added.

Days after Harry-Meghan wedding, Markle's ex-husband gets engaged
Despite his happy new relationship, Engelson has not been shy about admitting that the divorce was hard on him. As Hello! explains, van Straubenzee reportedly had a role in Prince Harry and Meghan's wedding too .

China issues statement on Sino-US trade talks
The Chinese statement said the two sides made "positive and concrete progress", but neither side released details. The US envoy left Beijing with no clear sign that the two countries could avert a trade war.

Trump confirms June 12 meeting with Kim in Singapore
Since taking power in 2011, Kim has not publicly met with another head of state in North Korea. The June 12 meeting could be just the beginning of more talks, Trump reportedly said.

Visa payments back to ‘full capacity’
It turns out Visa is experiencing a network failure, with the company now saying it's investigating the issue. Payments processed through Visa's systems account for £1 in £3 of all United Kingdom spending.

Deutsche Bank making progress on turnaround - ECB source
But he admitted that the newsflow was "not good". "We're not yet where we want to be, but we are steadily getting there". The company's USA -listed shares are on track to close at their lowest level in almost two years.

Melania Trump's absence continues, skipping Camp David weekend
Meanwhile, another tweet started doing the rounds online.in which every first letter of, her sentences spelled the word "HELP". The first lady tweeted Wednesday about the media " working overtime speculating where I am & what I'm doing".

China rejects US accusations it seeks hegemony in Asia
However, Washington claims such operations are meant to protect " freedom of navigation " in the sea. According to Beijing, the operation "seriously violated China's sovereignty".