white Smoke in Luxembourg this Friday, for the meeting of the Finance ministers of the euro area. After two years of hard and laborious negotiations, and a final meeting that lasted for fifteen hours, until the morning, "we have a budget of the euro area", welcomes Bruno Le Maire.
In two years, the ambitious ideas of a minister of the euro, a powerful fund against asymmetric shocks or of a european fund of guarantee of deposits have just disappeared from the panorama. Only the concept of a budget of the euro area has survived. And after a first failed attempt in December last year, a decision was awaited. But the differences persisted until the last moment. The ministers have had to multiply the exchanges until 4 o'clock in the morning to smooth out as much as possible the last points of tension. They succeeded only in part.
is it really a victory? Yes, say the most optimistic. It is even a "mini-revolution", according to the French minister. There are still ...Updated Date: 16 June 2019, 00:00