EU’s Race Against Time: Huge Pressure on Merkel and Macron to Agree Eurozone Reforms

- EU’s Race Against Time: Huge Pressure on Merkel and Macron to Agree Eurozone Reforms
by JOE BARNES, BRUSSELS CORRESPONDENT, https://www.express.co.uk/
FRANCE and Germany have failed to agree planned Eurozone reforms which Paris and Berlin are planning to unveil at the June European Union summit, sparking huge concerns.
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Finance ministers from both countries said progress is still being made after a weekend meeting. Emmanuel Macron and his German counterpart Angela Merkel have promised to present a joint reform proposal to their fellow EU leaders at the June 28-29 summit but differences in thinking threaten to derail the process.
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The French President has been desperately trying to recruit the German Chancellor as he seeks support for his proposed reforms – a separate Eurozone budget, a Europe-wide finance minister and a new bailout fund – as he hopes to replicate the International Monetary Fund and create a European Monetary Fund.
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