Euro zone ministers fret over cooldown in economy | The Daily Star
12:00 AM, April 07, 2019 / LAST MODIFIED: 12:33 AM, April 07, 2019

Euro zone ministers fret over cooldown in economy

Euro zone finance ministers said darkening clouds in Germany and Italy posed a danger to the European economy as France pushed for a common budget to buck the tide.

The euro zone economy is struggling, with export powerhouse Germany suffering from the slowdown in China and rising protectionism sparked by the United States.

Italy meanwhile has been in recession since the second half of last year, caught under a mountain of public debt, fragile banks and diving investor confidence.

France has also seen growth slow as "yellow vest" protesters disrupted business.

"We are concerned about the situation in Germany, we are concerned by the recession in Italy," French Finance Minister Bruno Le Maire said on the sidelines of a meeting of eurozone and EU finance ministers in Bucharest.

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