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The row pits France and Germany against smaller member states, notably Austria and the Netherlands (Photo: European Commission)

Ministers fail to reach agreement on euro rule reform

Finance ministers from the 12 euro zone countries have failed to reach agreement on how to reform the rules underpinning the euro and have arranged a special last-ditch meeting on 20 March, only two days before EU leaders meet to take over the dossier.

Leaving the meeting after almost 10 hours of talks, Luxembourg’s Prime Minister Jean-Claude Juncker said, according to agency reports, "we have made good progress. It’s still difficult but we are progressing towards an agreement".

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The row pits France and Germany against smaller member states, notably Austria and the Netherlands (Photo: European Commission)

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