BREAKING NEWS

Macron urges greater euro zone convergence, presses Germany to act

By REUTERS

JULY 13, 2017 05:22

PARIS - The European Union remains an incomplete project and will require changes to its treaties that bring greater convergence between euro zone member states, French President Emmanuel Macron said in comments published on Thursday.

In an interview with French regional daily Ouest France, Macron, who favours deeper European integration, said Germany was benefiting from a "dysfunctional" euro zone.

Macron, elected in May, has called for giving the euro zone a single finance minister and a common budget - a proposal that has been met with caution by German Chancellor Angela Merkel and suspicion in Berlin that German taxpayers might be left having to shoulder common debts.

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