Now Reading:

EU dismisses rumours of 'two-tier eurozone'

world news

EU dismisses rumours of 'two-tier eurozone'


German Chancellor Angela Merkel and officials from France and the EU have denied planning to create a two-tier eurozone, separating the stronger economies from those seen as weak.

Speculation grew after a news agency reported informal talks on the subject had taken place between the two countries. President of Euro Group Jean-Claude Juncker was scathing of the idea: “I’m allergic to such stupidities that are conveyed by some and that aim to put divisions within the euro. The euro is a solid group,” he said.

Despite the president’s strong words and the denials from Germany and France, some people living in the European countries with stronger economies and less debt, think separation is a good solution.

One such person is a German man who said he does not know how long the current model can survive and he approves of the two-tier system.

The idea behind the two-levels would be deeper economic integration in areas such as tax and fiscal policy for the likes of Germany, France and Belgium, breaking away from struggling eurozone countries like Greece, Spain and Portugal.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article