German and French ministers call for radical integration of eurozone
by Ian Traynor in Brussels from on (#AC8D)
Social democrat Sigmar Gabriel and French economics minister Emmanuel Macron call for embryo euro area budget and fiscal powers
German and French politicians are calling for a quantum leap in how the EU's single currency is run, proposing an embryo eurozone treasury equipped with a eurozone finance chief, single budget, tax-raising powers, pooled debt liabilities, a common monetary fund, and separate organisation and representation within the European parliament.
They also propose that all teenagers in the EU be given the chance to spend a subsidised six months in another European country.
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