FILE PHOTO - French President Emmanuel Macron and German Chancellor Angela Merkel shake hands after a joint news conference after the EU summit in Brussels, Belgium, December 15, 2017. REUTERS/Eric Vidal
BERLIN (Reuters) - German Chancellor Angela Merkel's conservatives and the Social Democrats pledged on Friday to work closely with France to strengthen the euro zone, in Berlin's first substantive response to President Emmanuel Macron's ambitious EU reform proposals.
In a 28-page policy document agreed after all-night talks between the German parties, they backed the idea of an "investment budget" for the single currency bloc and turning the ESM bailout mechanism into a full-blown European Monetary Fund under parliamentary control and anchored in EU law.
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