ECB member and German Bundesbank chairman, Jens Weidmann, expressed his approval for French President Emanual Macron’s docket of policy reforms:

“It is a matter of concern that countries let off on reforms when the crisis ended,” Weidmann, who sits on the European Central Bank’s rate setting Governing Council, was quoted by Reuters as saying. “But it is certainly a positive signal that the newly elected French President has put reforms back on the political agenda.”