Euro area finance ministers gave a cool reception to the Franco-German proposal to create a eurozone budget at their meeting in Brussels on Monday (19 November).
The new budget was meant to support investment and boost convergence in the region.
It would remain part of the broader reformed EU budget and would not create a separate structure, leaving its fate as part of the gruelling negotiations between member states over the EU's long-term finance plan for 2021 to 2027.
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Already a member? Login hereEszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.
Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.