06-04-2018

Eurozone on verge of Debt-Pooling

Macron urges Spain to back controversial plans for a european minister of finance, reports the "Express". But not all Eurozone countries favour Macron’s push, says cep-expert Matthias Kullas.

President Emmanuel Macron has been forced to act in his effort to further integrate Eurozone finances after sending finance minister Bruno Le Maire to reaffirm Spanish commitment to French federalist reform. However, Kullas, head of the economic and fiscal department at Centre for European Policy in Germany, said last month that, "European countries have very different traditions". He added: "Each side will fear that a eurozone finance minister would favour the other side." ...read on