Not if Chirac and Schroeder are the bastardized result thereof.
Carolus Magnus they ain't; they're just trying to position themselves to remain "Players" in the 21st century.
By Comparison to US-Britain, China, and Russia... Germany and France don't seem to think that they can manage this Status on their own. They're probably right. But in combination... Germany supplies the Population and the Industry, and France supplies the (carefully-cultivated) diplomatic network and the unique UN Veto.
Merging their Citizenships is a way for them to stay in the "Great Game", IMHO.