French president proposes eurozone finance ministry, ‘rapid reaction force’ and EU-wide asylum agency in Paris speech

Emmanuel Macron has set out his vision of a “profound transformation” of the EU, unveiling a series of proposals designed to deepen the bloc politically and harmonise rules.

“The Europe that we know is too weak, too slow, too inefficient,” the French president said in an address at Sorbonne University in Paris. “But Europe alone can give us the ability to act in the world, faced with big contemporary challenges.”

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