News World Merkel says Germany and France will find common ground on the reform of the Eurozone

Merkel says Germany and France will find common ground on the reform of the Eurozone

German Chancellor Angela Merkel stressed that Germany and France are striving to find common ground regarding the reform of the Eurozone, despite the fact that the two countries are currently at odds over the centralisation of Eurozone finances.

‘The 19 state members of the Eurozone certainly need a tighter policy, but France and Germany, which are considered as the core of the Union, sometimes handle adversities in a different way’, Merkel said, referring particularly to the issue of the reformation of a banking union.

‘Germany firmly believes that we ought to be competitive and effective’, the Chancellor said, while adding that France seems to seek convergence at a fast pace.

To date, the two countries are trying to work out a common position on reforming the Eurozone, especially after Brexit, ahead of June’s European summit.

However, Germany and France are still failing to make progress on several issues such as the banking union and the reform of the European stability mechanism- whose mission is to provide assistance to Member States subject to appropriate conditionality.

 

Top Stories

162 new cases, five deaths announced on Monday

The Health Ministry announced the death of five persons due to COVID-19. This raises the death toll from the virus in Cyprus to 175,...

Where to get antigen rapid tests on Tuesday

The Health Ministry announced the following antigen rapid test sites for Tuesday, 19 January 2021: LIMASSOL Apostle Loucas Church, Agios Athanasios 08:30-16:30 Agios Stylianos Church, Linopetra 08:30-16:30 Cultural...

Searches for 70 year old woman missing at sea suspended due to bad weather

Searches to find a 70 year old woman missing off the Phiikoudes beach in Larnaca have been suspended due to extremely bad weather conditions...

Tourist arrivals plunge by 84% in 2020 in one of Cyprus’ worst tourist seasons due to Covid

Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist...

Germany demands release of Kremlin critic Navalny

Germany on Monday demanded the release of Kremlin critic Alexei Navalny, detained on Sunday on his return to Russia, and said it would discuss...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...