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Ministers celebrate the euro's 20th 'birthday', with Eurogroup president Mario Centeno (r) and European Central Bank governor Mario Draghi (l) holding mock-up coins (Photo: Council of the European Union)

EU finance ministers agree eurozone reforms, fall short of French ambitions

EU finance ministers on Tuesday morning (4 December) agreed on reforms to bolster the euro area's preparedness to tackle any future financial crisis - after talks that lasted all night in Brussels.

The deal, however, fell short of the ambitions of French president Emmanuel Macron - whose idea for a special eurozone budget received support, but not for the so-called "stabilisation" plan to help economies in unexpected trouble.

The new budget would serve to boost competitiveness, ...

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

Ministers celebrate the euro's 20th 'birthday', with Eurogroup president Mario Centeno (r) and European Central Bank governor Mario Draghi (l) holding mock-up coins (Photo: Council of the European Union)

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

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