Finance Minister: Too late for major Eurozone reform


Finance Minister: Too late for major Eurozone reform

13. 03. 2018 14:30

It's probably too late to talk about key changes to the eurozone, said Finance Minister Peter Kažimír (Smer-SD) in Brussels on Monday. Eurozone reforms, which are being promoted mainly by France and Germany, should have been high on the agenda of the March EU summit (March 22-23). However, the post-election situation in Germany and long coalition negotiations on forming a new government have made these discussions impossible. "I'm not happy about it, as an opportunity to make principal changes is slipping through our fingers," stated Kažimír. Slovakia's position on eurozone reform efforts is clear: the country is pro-integration oriented and wants to know the actual shape of the eurozone in three to ten years. He views progress in building a banking union and an agreement on the better supervision of 'subsystem' large banks as realistic.

Anca Dragu, Photo: TASR

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