CLEAN : France's Macron hands over EU presidency to Czech Republic

The transcript discusses the courage and commitment shown during a presidency, the formulation of a new proposal regarding the situation between Bulgaria and North Macedonia, and the future steps to be taken. It highlights the democratic process involved and concludes with gratitude for the presidency's achievements during a challenging time for Europe.

What is the significance of the democratic process mentioned in the text?

What challenges did the speaker acknowledge regarding the presidency?