German Chancellor Angela Merkel greets students as she arrives at the Kurt Tucholsky high school in Berlin on May 22, 2017. PHOTO: AFP
Macron elected next French president as Le Pen concedes defeat
Macron is due to meet unions on Tuesday to discuss labor reform. He has said he intends to use executive decrees as soon as this summer to reform labor laws in a country where unemployment remains high at 9.6 percent.
Asked about Germany's large trade surplus during an event at a school in Berlin, Merkel said her country could invest more even if domestic demand is already the driving force of economic growth.
Merkel, Macron: the new power couple to shake up the EU
The centre-right chancellor added that reasons for the surplus included a euro that is weak due to the European Central Bank's expansionary monetary policy and a low oil price.
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