Growing EU policy disputes could undermine common currency: France | The Daily Star
12:00 AM, April 14, 2019 / LAST MODIFIED: 12:02 AM, April 14, 2019

Growing EU policy disputes could undermine common currency: France

Widening differences over economic policy among euro area countries are "unsustainable" and could undermine the currency union itself, French Finance Minister Bruno Le Maire said Friday.

"There isn't enough solidarity in the eurozone," Le Maire told reporters on the sidelines of the International Monetary Fund and World Bank Spring meetings.

"Growing economic divisions among member states are unsustainable in the long term and could result in the disappearance of the common currency project."

"Countries with solid budgets must invest more," Le Maire said.

That was the same message pushed by the IMF itself, which on Friday again urged Germany in particular to boost spending in order to accelerate growth a raise wages, and reduce its budget and trade surpluses.

Le Maire said "Those with the means shouldn't hoard money for years and years, allowing growth to deteriorate."

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top