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December 2018
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Tuesday, 04 December 2018 15:00

EU finance ministers struggle for eurozone reform deal

EU finance ministers struggle for eurozone reform deal

EU finance ministers struggled to agree reforms to better fight against a financial crisis early Tuesday, with negotiators still at the table after more than 12 hours of talks, Caspian Energy News (www.caspianenergy.net) reports with reference to Agence France Presse (AFP).

“There are a lot of subjects and all of them are difficult," a European source told AFP on condition of anonymity.

The sought-after agreement between the EU's 27 finance ministers, without Britain, is intended to hand authorities a more powerful tool box in the event of a major shock to the European economy. The proposals seek to strengthen the financial plumbing of the European economy. Once agreed by ministers, the reforms then need the agreed by EU leaders at a summit next week in Brussels.

Most of the reforms were agreed beforehand by France and Germany, Europe's twin engines of EU unity that make up nearly half of the eurozone economy.

More details: https://www.afp.com/en/news/3954/eu-finance-ministers-struggle-eurozone-reform-deal-doc-1bb8hp1

Person in charge of the newsline: Olga Nagiyeva 

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