Merkel calls for euro zone architecture for eurozone to lower risks
Reuters
Published Mar 21, 2018 09:26AM ET
Merkel calls for euro zone architecture for eurozone to lower risks
BERLIN (Reuters) - After weathering the worst of the eurozone crisis, the European Union must now create an overall architecture to prevent the actions of one member of the currency union putting all others at risk, German Chancellor Angela Merkel said Wednesday.
Final decisions on that issue would be made in June, she told the Bundestag lower house of parliament.
"Now it's about the long-term security and stability of the currency," Merkel said, adding this would include the development of a European monetary fund and steps to improve competitiveness to work toward greater economic convergence among euro zone states.
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Written By: Reuters
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