France wants a more ambitious reform of the euro zone than the one sketched out by Angela Merkel and will press the German chancellor for additional concessions on a euro zone budget and banking union in the weeks ahead, French officials say.
After months of silence and mounting criticism, Merkel offered a detailed response to French President Emmanuel Macron’s calls for an overhaul of how the single currency bloc is run in a German newspaper interview on Sunday.
Macron has been calling for a far-reaching reform of the euro zone since coming to power a year ago, arguing that Europe’s most successful symbol of integration needs to be overhauled to prevent a repeat of the sovereign debt crisis that nearly tore it apart in 2010-12.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.