Merkel, Macron announce plans for new eurozone budget

DW – June 19, 2018

Germany and France have agreed to “open a new chapter” in European Union relations, after Chancellor Angela Merkel and French President Emmanuel Macron met to finalize plans for sweeping reforms of the 19-member eurozone, including a new parallel budget.

Tuesday’s talks at Meseberg castle outside Berlin have a lot riding on them: Merkel’s political survival rests on her finding a European solution to prevent another influx of migrants to Germany, while both leaders have staked their reputation on further reworking the eurozone.

“We are working to make sure that the eurozone budget will be used to strengthen investment, also with the aim of strengthening convergence within the eurozone,” Merkel said.

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