You are here: Home » Reuters » News
Business Standard

Euro zone needs joint budget to help members in crisis - ESM's Regling

Reuters  |  BERLIN 

BERLIN (Reuters) - The euro zone should have a limited joint fiscal capability to support individual member states in case of a sudden crisis, the head of the bloc's rescue fund was quoted as saying ahead of a meeting between the French and German leaders on Thursday.Asked if German Chancellor Angela Merkel should back French President Emmanuel Macron's call for a single euro zone finance minister and a common budget, Klaus Regling told German business daily Handelsblatt that he did not want to lecture Merkel."But I think that we need a limited fiscal capacity in the euro zone in order to ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, July 13 2017. 12:53 IST