Germany Rejects Macron's EU Borrowing Plan Ahead of Leaders' Summit

• Germany's Chancellor Friedrich Merz's government rejected French President Emmanuel Macron's call for joint EU borrowing (eurobonds).
• Macron proposed new common borrowing to boost investment in strategic sectors, citing economic necessity for EU competitiveness.
• Berlin dismissed the proposal, highlighting ongoing divisions between France and Germany on key economic and political issues.
• Germany argues the focus should be on productivity and investment within the existing Multiannual Financial Framework (2028-2034) negotiations.
• Germany is pushing for deepening the single market, expanding trade agreements, reducing bureaucracy, and reforming the EU budget.