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Merz and Macron rush EU deals ahead of potential Le Pen presidency

French President Emmanuel Macron and German Chancellor Friedrich Merz pledged on Friday to finalise deals on key EU priorities before year's end, including countering subsidised Chinese exports, agreeing the EU's next Multiannual Financial Framework, and building a US-style capital markets union. Both leaders warned that without drastic action, Europe's economy risks a serious downturn amid competition from the US and China. They framed the urgency in economic terms, though the backdrop of a potential Marine Le Pen presidency in France adds political weight to the timetable.

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