Date: 3 months ago   Category: Financial

The countries of the eurozone coordinated reform of the currency union


Ministers of Finance of the countries of the eurozone agreed about measures for transformation of the European currency. On proceeding about 18 hours to a meeting in Brussels representatives of the countries of the eurozone reached the agreement on reform of the European currency Union. About it on Tuesday, December 4, the representative of the head of the Eurogroup Mario Centeno Luish of Rego in Twitter reported. A meeting of the Eurogroup ended after 18 hours of negotiations. We have a transaction on reforming of the eurozone – he wrote. At the same time about transaction details it is not reported yet. The German Finance Minister Olaf Sholts reported about "good result" of a meeting. "In reform of euro decisive steps are made", – he wrote to Twitter. Reform of the currency union including further development of the European Stability Mechanism (ESM) and also the budget of the eurozone was discussed at a meeting of Ministers of Finance of the eurozone in Brussels. Let's remind, German Chancellor Angela Merkel and the president of France Emmanuel Macron agreed to create the budget of the eurozone. It is expected that the new coordinated joint budgetary sphere of the eurozone will work since 2021. Earlier at a forum in Davosa Makron told that Europe needs ten years' strategy to make it stronger and to avoid fragmentation of the world. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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