A future euro area budget will complement monetary policy, adding a new instrume...
FILE PHOTO: Portugal's Finance Minister and Eurogroup President Mario Centeno attends a eurozone finance ministers meeting in Brussels, Belgium February 11, 2019. REUTERS/Francois Lenoir
European policymakers have so far given few details about the size of such a budget, where it will come from and what the money should be spent on. He also said a common European deposit insurance system was an “essential” piece of a European monetary union.
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