Hollande to head to Germany for talks with Merkel May 16
Date: 07/05/2012      Time: 10:20:00 PM
 
President-elect Francois Hollande of France will head almost immediately after his investiture May 15 to Berlin to hold talks with German Chancellor Angela Merkel, Hollande's campaign manager Pierre Moscovici said Monday. Speaking on "France 2" Television, Moscovici said the new French president, elected on Sunday, would go to Germany "the day after" he officially takes office. He said Merkel was "the first to call to congratulate" Hollande on his election victory over Nicolas Sarkozy, 51.9 percent to 48.1 percent on Sunday. The meeting between the French and German leaders is considered crucial as Hollande has said he will ask for a review of a European Union Treaty on fiscal and budgetary discipline and he maintains this Treaty must be negotiated to include provisions to promote economic growth. He also wants the European Central Bank (ECB) to play a more active role in promoting economic vitality, particularly through financing EU members through Eurobonds. Merkel has said the Treaty is "not negotiable" and is necessary to instil budgetary discipline and curtail spending and deficits in Euro zone countries, several of them heavily indebted with massive budget deficits. Germany and France, the two largest EU economies, traditionally form a solid tandem for pushing policy forward in the 27-nation group and any divergence between them would likely weaken the euro and affect European plans for greater integration. Moscovici told French television that Germany was "one priority" for Hollande but there were others. He noted that criticism of Hollande's lack of international experience was unfounded and many international leaders had called to congratulate him on his election, a move that is considered protocol in any event. US President Barrack Obama and a number of other world leaders placed calls to Hollande on Sunday night and the US and Chinese ambassadors to France called upon him at his campaign headquarters here on Monday. Hollande is expected to meet Obama later this month when the French President heads to the US to attend the NATO summit May 20-21 where he is expected to announce the withdrawal of French troops from Afghanistan before the end of 2012.