Tags: APFN | EU | Europe | Economy

Germany, France Propose Euro Budget to Bolster Currency Zone

Germany, France Propose Euro Budget to Bolster Currency Zone

Monday, 19 November 2018 11:38 AM EST

FRANKFURT, Germany (AP) — A top eurozone finance official says the 19 countries that use the euro will push ahead with discussions on a eurozone budget proposed by France and Germany to make the currency union more resistant to crises.

Mario Centeno, president of the eurozone finance ministers' group, said that ministers had a "very good discussion" of the proposal at their meeting Monday in Brussels and that "the topic will remain on our agenda."

French Finance Minister Bruno Le Maire said that "everyone is aware of the necessity of reinforcing the eurozone."

A separate budget could help countries in difficulty stabilize their economies. Le Maire said that even though discussions were of small amounts, of 20-25 billion euros ($23-29 billion), "you need a starting point and a framework."

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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A top eurozone finance official says the 19 countries that use the euro will push ahead with discussions on a eurozone budget proposed by France and Germany to make the currency union more resistant to crises.Mario Centeno, president of the eurozone finance ministers'...
APFN,EU,Europe,Economy
128
2018-38-19
Monday, 19 November 2018 11:38 AM
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