france germany to unveil eurozone reforms in march
Thursday 12 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Over The Future Of The Single Currency

France, Germany to unveil eurozone reforms in March

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleFrance, Germany to unveil eurozone reforms in March

French President Emmanuel Macron withn German Chancellor Angela Merkel.
Brussels - Muslimchronicle

Germany and France will offer their joint vision for reforming the eurozone by March, German Chancellor Angela Merkel said on Friday, in an effort to bridge divisions over the future of the single currency.

Meeting without departure-bound Britain, the bloc's 27 leaders were tasked by EU President Donald Tusk to speak freely about their often clashing visions for the single currency's future at a summit widely expected to be dominated by Brexit.

Overhauling the eurozone and making it more resilient to economic shocks has been a top priority of French President Emmanuel Macron, as well as for European Commission head Jean-Claude Juncker.

But these ambitions have been stymied by political uncertainty in Germany, where Macron ally Merkel is still trying to form a government after the pro-business FDP party abandoned talks amid doubts about eurozone reform.

"We will find a common position because it is necessary for Europe," Merkel said at a news briefing, speaking alongside Macron after a summit focused mostly on Brexit.

Merkel's overture to France will rankle her conservative CDU party which toes an austerity-minded line on economic matters, but appeals to Social Democrats, with whom she must now build a coalition.

Reform of the eurozone is often blocked by political divisions, with rich countries -- such as Germany and the Netherlands -- reticent to adopt policies that share risks with their heavily-indebted eurozone partners, such as France, Spain, Italy or Greece.

The Netherlands pushed its austerity-driven vision of the eurozone at the summit, with Prime Minister Mark Rutte demanding reforms by overspending governments.

"I noticed that with a certain number of our colleagues that with the euro we always talk money... not how we can make our economies more competitive," Rutte said after the talks.

Spanish Prime Minister Mariano Rajoy said that deepened integration of the eurozone would be "impossible" if not accompanied by a more unified tax policy.

"We need a real European budget with authority such as a European finance minister and also eurobonds," Rajoy added, referring to the idea of joint borrowing by eurozone nations, a notion loathed by Berlin.

- 'Large consensus' -

Resistance to deep reform of the eurozone was confirmed in proposals last week by the European Commission, the executive arm of the EU, that put off the creation of a European finance minister until after European elections in 2019.

The original plan was for leaders to discuss a range of topics on Friday, with a further summit in June to table concrete decisions.

According to Tusk, who coordinates the summits, there exists a "large consensus" to create a European Monetary Fund that would function as a firewall to any new financial crisis and handle bailouts.

There is also support to complete the banking union, albeit at a very gradual pace.

Source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france germany to unveil eurozone reforms in march france germany to unveil eurozone reforms in march

 



Themuslimchronicle, themuslimchronicle

GMT 08:28 2018 Saturday ,20 January

Egypt's President Sisi says will stand for re-election

GMT 05:58 2017 Saturday ,25 February

US new home sales rise in January

GMT 08:50 2016 Tuesday ,22 November

Withdraws controversial conviction bill

GMT 07:10 2018 Tuesday ,16 January

Hall of Famer Rodman arrested

GMT 11:50 2011 Saturday ,04 June

Baby girl killed in car crash on Palm Island

GMT 07:34 2018 Sunday ,07 January

Spain king pays homage to father Juan Carlos

GMT 14:20 2016 Thursday ,22 September

At the International Literature Berlin

GMT 22:03 2017 Thursday ,13 July

Ayman Zabib sad for his mother’s death

GMT 09:50 2017 Thursday ,02 November

A mixed picture for US cars sales

GMT 04:57 2017 Sunday ,03 December

Trump again insists 'no collusion' with Russia

GMT 15:25 2013 Monday ,15 April

Army bases in Damascus become prisons

GMT 18:00 2013 Monday ,03 June

New French school in Doha

GMT 16:50 2017 Sunday ,23 April

Tunisian gangs store quantities of expired food

GMT 14:06 2016 Tuesday ,11 October

Russia ready to join OPEC crude production curbs

GMT 15:47 2011 Wednesday ,03 August

Striking Chinese taxi drivers back at work
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle