The Traderszone Network

Published in TZ Latest News 5 September, 2015 by The TZ Newswire Staff

France says debt issuance would be first step for a euro zone budget

A common euro zone budget should initially be funded through joint debt issuance and taxpayers’ money should only be used at a later stage, French Economy Minister Emmanuel Macron said on Saturday. France wants the euro zone to have its own joint budget to carry out investments. Macron, in an interview with a German newspaper this week, proposed giving a new commissioner powers to coordinate economic policy across the single currency bloc and preside over fiscal transfers between its 19 members.