Eurozone countries agreed on a reform of the monetary Union

Страны еврозоны согласовали реформу валютного союза

The talks between Euro zone Finance Ministers in Brussels

The Finance Ministers of Eurozone countries agreed on measures to transform the European currency.

On lasted about 18 hours meeting in Brussels, the representatives of the Eurozone countries reached an agreement on the reform of the European monetary Union. On Tuesday, 4 December, said the representative of the head of the Eurogroup Mario Centeno Luis REGO’s Twitter.

The Eurogroup meeting ended after 18 hours of negotiations. We have a deal on Eurozone reform – he wrote.

While the details of the transaction have not yet been reported.

German Finance Minister Olaf Scholz said on “good result” of the meeting.

“In the reform of the Euro are made decisive steps”, – he wrote in Twitter.

At the meeting of Eurozone Finance Ministers in Brussels discussed the reform of the monetary Union, including the further development of the European stability mechanism (ESM) and the budget of the Eurozone.

Recall, German Chancellor Angela Merkel and President of France Emmanuel macron have agreed to establish a Eurozone budget. It is expected that the new agreed joint budget sector, the Eurozone will operate from 2021.

Earlier at the forum in Davos, macron said that Europe needs a ten-year strategy to make it stronger and to avoid fragmentation of the world.

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