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Hollande: Eurozone should have its own budget and parliament

Staff writer ▼ | July 16, 2015
French President Francois Hollande said he will make proposals for a eurozone government, after Greece came close to exiting the currency bloc in tense negotiations between European heads of state at the weekend.
Francois Hollande
Europe   After hard negotiations with Greece
In a television interview on France’s Bastille Day holiday, Mr. Hollande said he will make a joint proposal with Germany to improve how the eurozone is governed, Dow Jones reported.

“There must be an economic government for the eurozone,” Mr. Hollande said.

The next step would be to create a budget for the eurozone and, ultimately, a parliament, he added.