The French president has called for an EU reset to combat the threat of the far-right.
Signs of a significant rightward shift in Europe are unmistakable, with parties such as the Rassemblement National in France and AfD in Germany polling well ahead of rivals.
Despite internal rifts, these radical right-wing parties have substantial financial backing.
Emmanuel Macron argues that a massive investment in challenges such as the green transition and defence boost can help combat this rise of illiberal extremism.
It has been suggested that these investments can be financed by joint borrowing tools like those successfully rolled out during the Covid-19 pandemic.
Macron's approach clashes with traditional German views on the desirability of shared European debt.
Macron is pursuing a long-term vision similar to that of Alexander Hamilton post-American Revolution, aiming to bind together the various components of the European Union.
Conclusion: Though hurdles in countries like France and Germany make the prospects of a shift ahead of the upcoming elections look slim, Macron has highlighted the need for a fiscal reset in the interest of growth, unity, and solidarity.