Macron urges greater euro zone convergence, presses Germany to act

1 week ago Business Mail BusinessMail Cool

Macron urges greater euro zone convergence,...

By Richard Lough

The European Union remains an incomplete project and will require changes to its treaties that bring greater convergence between euro zone member states, French President Emmanuel Macron said in comments published on Thursday.

In an interview with French regional daily Ouest France, Macron, who favours deeper European integration, said Germany was benefiting from a “dysfunctional” euro zone.

Macron, elected in May, has called for giving the euro zone a single finance minister and a common budget – a proposal that has been met with caution by German...

Read Full Article at : BusinessMail

Trending Cyprus News

A decade of friendship and fundraising
The social and fundraising group Eastern Cyprus Ladies (ECL) prepares for its last meeting on July 27 before the summer break. The ladies are...
Hotter than usual weather ahead of temperature dip
Quick to note that, statistically this is the hottest time of the year for Cyprus, the Meteorological Department on Monday warned that the week...
Turks will allow 16,000 refugees back into Varosha – reports
The Turkish side may allow the return of 20,000 refugees to the fenced city of Varosha and to three Maronite villages, media reports in the...
Paralimni-Ayia Napa sewerage system buckling under strain
Paralimni and Ayia Napa may be reaping the rewards of a bumper tourism year but the area’s sewerage system is buckling under the strain....
Lack of toilets on Protaras beaches a real stinker
A number of beachgoers have complained after discovering that many people were relieving themselves around the beach following a town hall...
Eight-metre angel statue for Ayia Napa
An eight-metre tall sculpture in the form of an angel will be an important new landmark in Ayia Napa, Mayor Yiannis Karousos said on Monday....
CTO set to rebrand wedding tourism
The Cyprus Tourism Organisation (CTO) is set to adopt a new strategy in ‘wedding tourism’ which has become an important and special type of...
RYANAIR sale on Europe flights
Budget airline RYANAIR on Monday launched a sale on flights to Europe over autumn and winter with fares as low as €14.99 only one way....