"I think we have found a good solution. We support creation of Eurozone budget," said German Chancellor Angela Merkel at a joint news conference with the President of France.
The budget will be created within the existing EU structures. The budget will be used, in particular, to invest more actively in the economies of the monetary community in order to strengthen it in the face of crises.
In addition, Berlin and Paris agreed, according to A. Merkel, to create the European Monetary Fund, which will become "an additional instrument of stabilization" of the financial situation in the Eurozone.
Merkel also said that Germany and France plan to open "a new chapter" in the development of the EU. "We can say that we are opening a new chapter in a number of areas for both the EU and German-French cooperation," she said.
In turn, E. Macron said that the first budget of the Eurozone can be adopted in 2021.
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