Berliner Boersenzeitung - 'Coming home': Merz signals Germany back in EU driving seat

EUR -
AED 4.160921
AFN 78.860625
ALL 98.354729
AMD 433.549279
ANG 2.027437
AOA 1038.822834
ARS 1294.806775
AUD 1.758018
AWG 2.041961
AZN 1.928581
BAM 1.961322
BBD 2.27676
BDT 137.226335
BGN 1.95544
BHD 0.427105
BIF 3355.257241
BMD 1.132849
BND 1.461777
BOB 7.791937
BRL 6.423482
BSD 1.12755
BTN 96.458948
BWP 15.217506
BYN 3.690107
BYR 22203.84675
BZD 2.265027
CAD 1.573658
CDF 3222.956016
CHF 0.934822
CLF 0.027835
CLP 1068.141218
CNY 8.179056
CNH 8.16261
COP 4728.173223
CRC 570.593807
CUC 1.132849
CUP 30.020507
CVE 110.579733
CZK 24.884173
DJF 200.790858
DKK 7.458397
DOP 66.385431
DZD 150.139932
EGP 56.472564
ERN 16.99274
ETB 153.040178
FJD 2.564202
FKP 0.847153
GBP 0.845072
GEL 3.104114
GGP 0.847153
GHS 13.756729
GIP 0.847153
GMD 82.153804
GNF 9767.325628
GTQ 8.656945
GYD 235.914172
HKD 8.873059
HNL 29.347976
HRK 7.540016
HTG 147.601636
HUF 402.546661
IDR 18522.086447
ILS 4.019232
IMP 0.847153
INR 97.048373
IQD 1477.139048
IRR 47707.11967
ISK 144.890174
JEP 0.847153
JMD 179.300831
JOD 0.803116
JPY 163.200569
KES 146.47499
KGS 99.06777
KHR 4513.587628
KMF 495.620557
KPW 1019.578439
KRW 1572.440423
KWD 0.347717
KYD 0.939633
KZT 577.297629
LAK 24386.11636
LBP 101424.393992
LKR 339.287713
LRD 225.539897
LSL 20.297195
LTL 3.34501
LVL 0.685249
LYD 6.181266
MAD 10.440192
MDL 19.619803
MGA 5089.215418
MKD 61.593411
MMK 2378.357794
MNT 4056.341871
MOP 9.090773
MRU 44.663757
MUR 51.476353
MVR 17.513981
MWK 1955.261521
MXN 21.856851
MYR 4.840097
MZN 72.386506
NAD 20.297375
NGN 1806.99684
NIO 41.495725
NOK 11.51581
NPR 154.321056
NZD 1.909939
OMR 0.436102
PAB 1.127574
PEN 4.161962
PGK 4.689119
PHP 63.034565
PKR 318.881614
PLN 4.241154
PYG 9006.156388
QAR 4.121877
RON 5.075846
RSD 117.356135
RUB 90.934228
RWF 1593.651457
SAR 4.249079
SBD 9.444715
SCR 16.371832
SDG 680.267259
SEK 10.845565
SGD 1.462486
SHP 0.890242
SLE 25.712767
SLL 23755.284141
SOS 644.399966
SRD 41.519052
STD 23447.693793
SVC 9.866647
SYP 14729.853487
SZL 20.290677
THB 37.122909
TJS 11.581372
TMT 3.970637
TND 3.384452
TOP 2.653248
TRY 44.001663
TTD 7.655383
TWD 34.169564
TZS 3055.859748
UAH 46.738853
UGX 4119.597952
USD 1.132849
UYU 47.246141
UZS 14498.626177
VES 107.26262
VND 29415.565546
VUV 137.41987
WST 3.138096
XAF 657.79438
XAG 0.034151
XAU 0.000342
XCD 3.061582
XDR 0.818085
XOF 657.79438
XPF 119.331742
YER 276.296913
ZAR 20.294633
ZMK 10197.001036
ZMW 30.566379
ZWL 364.77702
  • RIO

    -0.1500

    62.24

    -0.24%

  • CMSC

    0.1000

    22.26

    +0.45%

  • SCS

    -0.1000

    10.25

    -0.98%

  • BTI

    0.8600

    44.44

    +1.94%

  • BCC

    -1.2700

    89.92

    -1.41%

  • RBGPF

    67.2000

    67.2

    +100%

  • CMSD

    0.0015

    22.17

    +0.01%

  • RYCEF

    0.0800

    11

    +0.73%

  • NGG

    0.9900

    73.42

    +1.35%

  • BCE

    0.0900

    21.66

    +0.42%

  • VOD

    0.7500

    10.39

    +7.22%

  • JRI

    0.0300

    12.82

    +0.23%

  • RELX

    -0.0400

    54.99

    -0.07%

  • BP

    -0.2000

    29.2

    -0.68%

  • GSK

    0.4400

    38.4

    +1.15%

  • AZN

    0.2300

    69.92

    +0.33%

'Coming home': Merz signals Germany back in EU driving seat

'Coming home': Merz signals Germany back in EU driving seat

Germany's Friedrich Merz made clear Friday that Berlin was back at the European top table, ready to help steer the bloc at a time of dizzying challenges, as the new chancellor made his maiden visit to Brussels.

Text size:

After back-to-back trips to boost ties with key neighbours Paris and Warsaw, Merz's Friday visit sought to turn the page on months of political turbulence that left Berlin hamstrung on the EU stage.

"Germany needs to play a strong role, an active role, in the European Union, and the German government is going to do so," he told a press conference alongside EU chief Ursula von der Leyen.

"In a way, I'm coming home to Brussels, coming home to Europe," said the German leader -- who, although in many ways an Atlantist, cut his teeth as an EU lawmaker three decades ago.

Merz has already made his EU priorities clear: supporting new trade deals -- and de-escalating the tariffs standoff with the United States -- striking a balance between climate action and support for industry, curbing migration, and bolstering Europe's defence capability.

"The challenges that we face are big challenges, and we can only meet those challenges together," he said.

Merz's meeting with von der Leyen -- a fellow German conservative who calls him a "friend" -- was being closely watched for clues to the working relationship going forward.

There was potential for early friction after Germany's new government moved unilaterally to reject most asylum seekers at its borders -- to the notable displeasure of Poland.

The step drew a reminder from von der Leyen that migration required "common European solutions" by the bloc's 27 members -- and that any border curbs "have to be time limited".

But she also said Berlin seemed to be playing by the rules -- coordinating with the commission and its neighbours -- reducing the likelihood of a clash with Brussels, while Merz insisted Germany was not going "solo" on migration.

The pair meanwhile made clear they would collaborate closely on trade -- where Germany's export-driven economy is especially vulnerable to US President Donald Trump's tariffs campaign -- as well as in the critical area of defence.

- Sea change on defence -

Merz said in particular he had conveyed to Trump that any trade negotiation must be conducted with all 27 EU member states, and that the US leader had invited him to Washington for further talks.

On defence, he signalled Germany's intent to play a key role in driving the continent's rearmament -- faced with US disengagement and war on its doorstep in Ukraine.

The chancellor's visit comes as Russian President Vladimir Putin gathered a cohort of friendly leaders for a World War II victory parade in Moscow -- underscoring the growing threat posed by Russia on Europe's eastern rim.

Merz was to expand on German's security and defence priorities in a separate press conference with NATO secretary-general Mark Rutte.

The chancellor and his Social Democrat coalition partners have already ushered in a sea change in fiscally conservative Germany, changing the constitution to enable mass borrowing to upgrade the country's defence and infrastructure.

In that spirit, he has endorsed steps by Brussels to free up hundreds of billions in additional defence spending by member states, including by relaxing the bloc's fiscal rules.

And speaking alongside von der Leyen, he did not close the door on the possibility of "exceptional" European joint borrowing for defence -- as during the pandemic -- something the previous Berlin government considered taboo.

- 'High expectations' -

"Scholz would always call Washington first," summed up Guntram Wolff, of the Bruegel think tank. "I think there is hope that Friedrich Merz will be more turned towards the EU."

"We have very high expectations of the German government," confirmed Finland's foreign minister, Elina Valtonen.

(K.Lüdke--BBZ)