German and French ministers call for radical integration of eurozone

Social democrat Sigmar Gabriel and French economics minister Emmanuel Macron call for:

  • a quantum leap in how the EU’s single currency is run,
  • an embryo eurozone treasury equipped with a eurozone finance chief,
  • single budget,
  • tax-raising powers,
  • pooled debt liabilities,
  • a common monetary fund, and
  • separate organisation and representation within the European parliament.

(The Guardian)