France, Germany to present Eurozone budget plans

France and Germany will lay out plans for a limited joint Eurozone budget focused on financing investment at a meeting on Monday in Brussels, French Finance Ministry sources said on Friday.

They will steer clear of more controversial plans for using the proposed budget to help Eurozone countries in economic downturns as they seek to overcome opposition to their ideas from other members of the single currency bloc.

Paris and Berlin agreed in June to flesh out plans for a joint budget by the end of the year as part of broader package on closer Eurozone integration, proposals that have been approved by President Emmanuel Macron.

Source: VOV5