She said the "rainy day fund", as it has been dubbed, would serve to help even out economic imbalances between richer and poorer European countries "which need to catch up in the areas of science, technology and innovation". "We can additionally open that initiative to a country like Great Britain", Merkel said.
Merkel said an EMF with such competences should assess not only the economic situation of member states but also the debt sustainability, and "have the appropriate instruments at its disposal to restore them if necessary". Merkel's intervention represents a significant change of tone.
Macron wants to turn Europe's existing bailout fund into a European Monetary Fund (EMF), to act as a buffer in any future financial crises in the bloc, which was almost torn apart in a debt crisis in 2009.
The Elysee Palace said in a statement that "Merkel is concerned about European sovereignty, including the issue of migration".
"I can imagine the possibility of a credit line that is short-term, five years for example".
As they try to set a road map for eurozone overhauls by the end of the month, Mr. Macron and Ms. Merkel plan to meet at the meeting of the Group of Seven leading nations in Canada on Friday and Saturday.
Merkel called for reform negotiations to be concluded before the 2019 European elections.
When receiving his European Charlemagne peace prize in Aachen last month, Macron had expressed impatience over delays in forming the Berlin coalition and Germany's "fetish" for budget and trade surpluses.
Crises roiling Europe have focused minds in recent days, with a populist and eurosceptic government taking power in Italy and Spain ousting veteran Prime Minister Mariano Rajoy over a corruption scandal and his Socialist arch-rival Pedro Sanchez taking over. It will help Europe to be viable at any time. She said she wanted to work with the new Italian government instead of speculating about its intentions.
He has called for a far bigger euro zone budget than Merkel spelled out in her FAS interview and urged Europe to become a bolder, more autonomous actor in defence, a shift that unsettles conflict-wary Germans.
WhatsApp co-founder Jan Koum is set to quit the company and leave his post as a member of Facebook's board of directors. Samsung declined to respond to the Times' questions about its partnership with Facebook.
You can now set an ending time for do not disturb - for 1 hour, until a certain period, or when you leave a location or meeting. It'll recognise images in search and provide search suggestions to help you find the events you've captured on your iPhone .
She sent early signals that she will not bow to speculation or public expectations about what she should be doing. Mohamad Allaf, vice chairman of urology at Johns Hopkins University School of Medicine, told CNN .
Secretary of State Mike Pompeo on Monday to discuss the upcoming summit between Kim and Trump, the foreign ministry in Seoul said. Kim Su-gil's replacement of Kim Jong-gak as director of the General Political Bureau of the Korean People's Army.
The wheels came off further when a par putt at the following hole failed to land, leaving him at four over through seven. Wheels wobbling early, Woods' par putt on 16 did almost a 180 but didn't fall, pushing him to 4 over through seven.
The success of this case has raised hopes that the therapy could also be used to treat advanced ovarian and prostate cancers. The new research now exempts women with scores between 11 to 25 from chemotherapy as well, unless they are premenopausal.
Dzumhur served for the win in the fourth set but never held a match point, with Zverev fighting back in the tiebreak. In the women´s draw, Australian Open champion Caroline Wozniacki eased past Frenchwoman Pauline Parmentier 6-0, 6-3.
Police found front-end damage on Parkhurst's Buick, but never followed up on the lead and the death went unsolved for many years. Police were interviewing dozens of witnesses and reviewing cellphone video reported to capture the crash, Sanford police said.
The prosecutor's statement said eight have been temporarily released , while five men and four women remain under arrest. Following the issuance of licenses, a video showing a woman receiving here Saudi driving license went viral online.
Williams expressed disappointment about not getting to face Sharapova, a match she said she always gets excited to play. Kasatkina, the 14th seed, will meet another Grand Slam victor , US Open champion Sloane Stephens, in the final eight.
The Cavaliers' LeBron James and Warriors' Draymond Green showed up in shorts suits ahead of Game 2 of the NBA Finals on Sunday. However, the Cavaliers' performance has given fans hope that this series could be more competitive than originally predicted.