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The european stability mechanism into a monetary fund to help isolate the euro from future crises most details remain unclear and have to be hammered out before the next three use summit however merkel warned that moves towards greater integration can only occur when banks have reduced risk in the financial sector for the german chancellor and eurozone budget on the whole is a political hot potato many fiscal hawks and increasingly fragile coalition fear the bloc could become a so-called transfer union where richer countries like the netherlands france or germany permanently finance the poorer...

Chancellor the eurozone budget is a political hot potato many fiscal hawks and increasingly fragile coalition fear the bloc could become a so-called transfer union where which a country's like the netherlands france or germany permanently finance the poor countries in the south i asked economist young peter cullen from frankfurt university if he thinks a dedicated eurozone budget is a good idea or not. i think the budget as such is like a two edged swartz and we still don't know in which direction it will cut on the one hand it may be this already mentions transfer union that just transfers co...