Merkel sets out views on eurozone reform

Financial Times, Jun 4, 2018
by Guy Chazan and Jim Brunsden

Angela Merkel has set out her views on eurozone reform in greater detail than ever before, in the clearest response yet from Berlin to Emmanuel Macron’s wide-ranging proposals on overhauling the single currency area.

The ideas, presented in an interview with the Frankfurter Allgemeine Sonntagszeitung, underscore Ms Merkel’s reluctance to be seen as a roadblock to reform and opens up the possibility that this month’s EU summit could yield a deal that goes far beyond the modest proposals tabled so far, most of which revolve around strengthening banking regulation. 

But her ideas still fall far short of the French president’s ambitious plans for the eurozone.

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