Eurozone finance ministers chair Jeroen Dijsselbloem says some Greek debt will have to be written off for its public finances to become sustainable.
By Herman Van Rompuy,Janis A. Emmanouilidis,Fabian Zuleeg The eurozone crisis is far less dangerous now than during its peak years of 2010-2013
Outgoing French President Francois Hollande promised to fix the economy five years ago. But despite stablising the public accounts he has failed to get the French back to work as promised.
The ECB would need to play a different and more distant role than it has. And independent authorities – such as the European Commission or even an entirely new institution – would need to ensure that savings were put to productive use in each country
Eurozone finance ministers meeting in Brussels have been giving their thoughts on the Brexit timing and circumstances.
What does the eurozone’s future hold? It depends where you look. Political risks seem to be increasing, despite the improvements in Europe’s economy.
Eurozone inflation surged to its highest in four years in February which will put the European Central Bank under pressure to scale back stimulus.