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

Pandemic at highly critical phase in Cyprus, new appeal launched-12 cases today

  Twelve new cases of covid-19 were announced today out of three thousand 147 tests, taking confirmed infections to 1,755. The break down of new patients...

Animal abuse legislation to get tougher, with a 10 thousand fine for a first offence

  MPs are working through a tougher bill against animal abusers, including raising fines as a deterrent, just a couple of weeks following a horrendous...

No spectators at tomorrow’s Independence Day Parade

  Tomorrow's Independence Day military parade will be held without spectators due to Covid pandemic restrictions, with just officials and foreign dignitaries attending. The parade, on...

Spain in solidarity with Cyprus over Turkish violations

  Spain expressed its solidarity with Cyprus in the Eastern Mediterranean, with foreign minister Arantha Gonzales Layia noting her country's opposition to any unilateral action,...

Services not covered by GeSY and offered under it to incur fines

The Health Insurance Organisation (HIO) reminds all health care providers as well as General Healthcare System (GeSY) beneficiaries that the system does not cover...

Taste

Sheftalies

Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...