Posted on 07/31/2017 9:39:45 PM PDT by Olog-hai
It wasn’t a bad week for the eurozone. Greece was able to borrow money from the bond market for the first time in two years, securing €3 billion ($3.5 billion). The International Monetary Fund increased its growth forecast for the eurozone as a whole, especially for southern European members, which were hard hit by the financial crisis.
But despite the positive signals, the eurozone is hardly crisis-proof and much work remains to shore up the currency union. This was made clear by German Chancellor Angela Merkel two weeks ago, when she visited French President Emmanuel Macron in Paris. “We will not falter,” she promised on reform of the eurozone. “There will be further steps later this year.” Her French counterpart nodded in agreement as she spoke.
According to information obtained by Handelsblatt, the two leaders have been discussing the possibility of increasing cooperation within the eurozone with some but not all members of the currency union. The two opted not to reveal concrete proposals for these reforms. However, France is very interested in strengthening the monetary union, it’s being said in Berlin, “at all costs.” Mr. Macron is said to imagine a core group of countries within the eurozone. […]
The European Union has already formed a group of willing parties that are advancing together on defense policy. Insiders within the French government say that they want to see this approach in the monetary union, too. No one will be excluded and the door remains open, sources said, but with a smaller group it will be easier to accelerate integration. …
(Excerpt) Read more at global.handelsblatt.com ...
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http://europa.eu/rapid/press-release_IP-17-2183_en.htm
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http://www.reuters.com/article/us-germany-turkey-eu-idUSKBN1AG1NM
The EU, headed by France and Germany, could replace US on Mideast...
The International Monetary Fund. IIRC, we dump a lot of money into it.
I saw that one too.
It’s like Obama just did their bidding for eight years.
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