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Eurozone 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 European Stability Mechanism was quoted as saying ahead of a French-German summit on Thursday.Asked if Chancellor Angela Merkel should back French President Emmanuel Macron's call to give the euro zone a single 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 support single ...

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First Published: Thu, July 13 2017. 12:26 IST