EU finance ministers on Tuesday morning (4 December) agreed on reforms to bolster the euro area's preparedness to tackle any future financial crisis - after talks that lasted all night in Brussels.
The deal, however, fell short of the ambitions of French president Emmanuel Macron - whose idea for a special eurozone budget received support, but not for the so-called "stabilisation" plan to help economies in unexpected trouble.
The new budget would serve to boost competitiveness, ...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login