Merkel and Macron BACKLASH: 8 EU Countries Slap Down Major Eurozone Reform Plans for 19 Nations Currency Bloc
- Merkel and Macron BACKLASH: EU Countries Slap Down Major Eurozone Reform Plans
by TOM PARFITT, https://www.express.co.uk/
EIGHT EU countries have warned Angela Merkel and Emmanuel Macron not to push ahead with radical eurozone reforms as the bloc’s united front begins to crumble.
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The German Chancellor and French President have vowed to dramatically overhaul the single currency by introducing a joint eurozone budget. But Ireland, Sweden, Denmark, Estonia, Finland, Latvia, Lithuania and the Netherlands have all poured cold water on the ambitious plans. In a blow to Mrs Merkel and Mr Macron, finance ministers from the eight northern member states said it was too early to push ahead with the proposals.
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The ministers, in a damning joint statement, said any reforms should focus on on completing the EU banking union and improving compliance with Brussels’ budget rules. They said: “Stronger performance on national structural and fiscal policies in line with common rules should have priority over far-reaching proposals.”
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Mrs Merkel and Mr Macron are expected to soon resume talks about reforming the 19-country currency bloc.
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