đš EU TENSIONS RISE: GERMANY SAYS âNOâ TO FRANCE đ©đȘđ«đ·âĄ
German Chancellor Friedrich Merz has reportedly rejected Emmanuel Macronâs proposal for the European Union to issue joint bonds.
đ° Germany (~65% debt-to-GDP) doesnât want to back France (~120%) through shared EU debt. Berlin fears this could evolve into a long-term âdebt union.â
â ïž Why it matters:
âą Strains between Berlin & Paris â the EUâs core engines
âą Potential pressure on the euro
âą Political divisions inside Europe
Markets are watching closely. Any crack at the top of the EU could ripple across global assets đđ¶


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