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France, Germany making progress on euro zone roadmap: French minister

Reuters  |  PARIS 

(Reuters) - and are making progress on drawing up a joint roadmap for zone reform due later this month, French said on Monday.

French and German aim to present their reform proposal at a summit on June 27-28, but differences remain on a zone investment fund and

"We are on the right path. It's long and difficult, it takes a lot of time and determination ... But I think we are making progress towards reaching a Franco-German agreement on the roadmap for zone's future," Le told a conference in

Le and his German counterpart held 13 hours of talks on Saturday in their latest effort to overcome differences on how to strengthen the euro zone.

The French side wants a fund set up that would help countries facing an economic shock and smooth out divergences among members' economies.

However, the German side has been reluctant to commit to anything that could see the transfer of taxpayer funds to other countries, including in the form of the a

Le Maire said that the two sides were days away from agreeing joint Franco-German rules for calculating corporate tax, the least contentious issue under negotiation.

The two sides are aiming to agree the roadmap by June 19 in order to present later to EU leaders at the June 27-28 summit.

(Reporting by Yann Le Guernigou; writing by Leigh Thomas; Editing by Brian Love)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 11 2018. 17:45 IST
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