German finance minister Wolfgang Schaeuble left but not without leaving behind a legacy to his successor. In a non-paper, Schaeuble made his proposals on the future integration of the euro zone and the crucial role of the European Stability Mechanism. The ESM should increase its possibilities to support states threatened by bankruptcy and in return to gain more power control over the states.
Schaeuble’s recommendations are a cold shower for French President Emmanuel Macron, writes Bloomberg.
Some others, like the Greens describe the non-paper as “poisonous farewell gift’.
No wonder Macron invited Chancellor Angela Merkel to visit Paris to discuss the future of Europe…