Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Saturday, September 22, 2018 08:25:11 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter
BREAKING NEWS:

France, Germany push for compromise on eurozone reform

By
11th-Jun-2018       
Comments
Share your thought
Post a comment »
Read all () »

AFP, Paris :
France and Germany are "determined" to reach a compromise on President Emmanuel Macron's proposals for a shake-up of the eurozone, a French government source told AFP Sunday after marathon talks between the two countries.
Paris and Berlin are racing to bridge the gap between Macron's ambitious EU reform agenda and Chancellor Angela Merkel's more prudent approach by a crunch eurozone summit on June 29.
French Finance Minister Bruno Le Maire spent nearly 14 hours holed up with his German counterpart Olaf Scholz at a Paris hotel on Saturday, the source told AFP.
While the talks, which lasted into the early hours of Sunday, did not yield an agreement the ministers discussed "all the unresolved issues" and made "substantial progress", the source said.
"We still have work to do before agreeing on a roadmap," the source continued, adding "there is agreement on nothing until there is agreement on everything" and that Le Maire and Scholz planned further talks in the coming week.
Macron is on a drive to reconcile Europeans with the European Union after years of austerity and mass migrant flows have fuelled the rise of populist and nationalist parties.
He has seized on Britain's vote to leave the bloc as a chance for closer integration, with the aim of adopting sweeping changes before European elections in May 2019.
But Germany and other northern European states have baulked at his calls to give the eurozone its own big "rainy day" fund, fearing the more fiscally prudent north will have to pick up the tab for overspending by the more profligate south.
In an interview last weekend, days after a eurosceptic government took office in Italy, Merkel made some concessions.
She said the eurozone's top economy would support Macron's call for an investment fund to help poorer European countries catch up in the areas of science, technology and innovation.
But the size of the fund remains a major bone of contention, with Merkel saying it should be "at the lower end of the double-digit billions of euros range" while Macron has called for a budget amounting to "the equivalent of several points of the GDP of the eurozone".
Merkel also detailed her proposals to upgrade the eurozone's bailout fund into a European Monetary Fund - under strict lending conditions and on condition that member states retain oversight over the body.  Macron's office welcomed the concessions but during a visit to Berlin Friday Le Maire called on Germany "to go further".  "It is a courageous response that goes in the right direction," Le Maire told AFP.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Rohingya crisis: UN is helpless without active cooperation of int'l community


THE United Nations was established with a mission to stop brutality and promotion of human rights across the globe but at present is apparently helpless to stop the Myanmar military atrocity on Rohingya ethnic community. Though the Universal Declaration of Human Rights, International Covenant on Civil and Political Rights, the ...

Cricket »

India rout Pakistan by eight wickets in Asia Cup


AFP, Dubai :India crushed Pakistan by eight wickets in their long-awaited Asia Cup match which failed to live up to its hype in Dubai on Wednesday.Pace spearhead Bhuvneshwar Kumar (3-15) and part time off-spinner Kedar Jadhav (3-23) sent Pakistan, who won the toss and batted, collapsing to just 162 all ...

Football »

We aim to play SAFF U-16 Women's final: Choton


Bangladesh U-18 national women's football team head coach Golam Rabanni Choton said they aim to play the final of the SAFF U-18 Women's Championship which is scheduled to be held from September 28 to October 7 in Thimpu, Bhutan.He was speaking at a pre-departure press conference on Thursday at the ...

International »

US-North Korea relations making 'tremendous progress': Trump


President Donald Trump on Wednesday said US relations with North Korea are making "tremendous progress" from the days before his presidency when the two countries appeared close to "going to war."Trump said a recent letter from North Korean leader Kim Jong Un confirmed the positive track, which he said has ...

City »

Newly elected executive members of Bangladesh Photo Journalists Association paid a courtesy call on Shipping Minister Shajahan Khan at his ministry on Thursday.


Entertainment »

Not always necessary to do issue-based films: Yami Gautam


Actress Yami Gautam, who stars in Batti Gul Meter Chalu, says it is neither necessary nor possible for an actor to do issue-based films all the time. Yami was interacting with the media here on Wednesday at a promotional press conference of the film that releases on Friday. She was ...

Football »

Japanese MMA star Norifumi 'Kid' Yamamoto dies at 41


Tributes flowed Wednesday for charismatic Japanese Mixed Martial Artist ( MMA) Norifumi "Kid" Yamamoto, who died at age 41, three weeks after announcing a battle with cancer.Born to a family of wrestlers and martial artists, the wiry, tattoo-covered Yamamoto took on larger opponents in a wide range of MMA events, ...

Editorial »

Ecological danger for destroying forest by Rohingyas


A STUDY has revealed that 4,300 acres of hills and forests have been razed in Cox's Bazar to set up refugee camps and cooking fuel for Rohingyas who fled ethnic cleansing in Myanmar. Quoting the study, news media reported that about 3,000-4,000 acres of hill land at Teknaf and Ukhia ...

International »

Kim agrees to dismantle main nuke site if US takes steps too


AP,  Pyongyang :The leaders of North and South Korea announced a wide range of agreements Wednesday which they said were a major step toward peace on the Korean Peninsula. But the premier pledge on denuclearization contained a big condition, with North Korean leader Kim Jong Un stating he'd permanently dismantle ...

International »

Sex with Trump 'least impressive' she's ever had: Daniels


Stormy Daniels, the porn star who claims to have slept with Donald Trump over a decade ago, says in her upcoming tell-all book that it may have been the "least impressive sex" she'd ever had, The Guardian reported Tuesday.In her book, "Full Disclosure," Daniels also provides a graphic description of ...

Entertainment »

I`m seen as a fierce and opinionated woman post Bigg Boss: Hina Khan


Actor Hina Khan believes Bigg Boss helped her showcase her real personality, which is that of a woman who does not shy away from speaking her mind. The actor became one of the most talked about contestants on the 11th edition of the reality TV show, which has just begun ...

City »

Dhaka University teachers formed a human chain programme on the campus on Wednesday demanding release and proper treatment of BNP Chairperson Khaleda Zia.


Editorial »

We welcome Islamabad for awarding Bangladeshi-origin refugees Pakistan`s nationality


PAKISTAN government has decided to grant nationality to all Pakistan-born refugees of Bangladeshi and Afghan origins staying there for decades. Prime Minister Mr Imran Khan on Sunday made this announcement during his maiden visit to Karachi, saying the Bangladeshi and Afghan refugees who were born in Pakistan would get National ...

Sports »

Argentina's Facundo Conte (left) and teammate Alexis Gonzalez celebrate during the Men's World Championships' volleyball match between Argentina and Slovenia, in Florence, Italy on Monday.


Football »

FIFA president Infantino has doubts about La Liga match in Miami


AFP, Barcelona :FIFA president Gianni Infantino has expressed concern about La Liga's proposal to stage a fixture between Girona and Barcelona in the United States.The two clubs have each approved a request submitted to the Spanish Football Federation for the match to be played at the Hard Rock Stadium in ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news