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France to Press for New Euro-Zone Architecture at EU Summit
Keywords:
French officals are pushing for a new eurozone architecture to address many of today's problems. This includes setting up a pathway that leads to the joint issuance of eurobonds. It also would include coordination of monetary policy with the budgets and fiscal situation in the eurozone. French officials see the lack of this as the cause of many of today's problems.
France's Finance Minister Lagarde on the discipline and coordination needed for the euro to work.
03/03/2010
This discipline and tight fiscal coordination would be imposed on eurozone countries as part of the effort to make the euro experiment work. Lagarde is interviewed by Carney and Jolis of the WSJ.
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France and Italy's push is for improved financing of growth projects, coordination of monetary policy with budgets and fiscal situation of eurozone states, and mapping out a pathway that leads to joint issuance of eurobonds. French officials in the Hollande administration say the lack of this architecture is the cause of many of today's problems. Prime minister Monti of Italy played a key role in pushing for the changes at meetings in Rome and Brussels in June 21-27, 2012.
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