- 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.
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.
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.