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Baltics and five more EU members stand for finishing current EU reforms instead of starting new ones

Photo: pixabay.com.

Voicing their view of the Franco-German plans to reform the European Union, the Baltic states and five other northern EU members called on other partners to concentrate on finishing the banking union, enhancing compliance with budget rules and also on the establishment of the European Monetary Fund.

Belgian-based news portal EurActiv reports that Denmark, Estonia, Finland, Ireland, Latvia, Lithuania, the Netherlands and Sweden were referring to French proposals for deepening eurozone integration, introducing a joint euro zone budget or a common finance ministry.

«Stronger performance on national structural and fiscal policies in line with common rules… should have priority over far-reaching proposals,» the countries wrote in a common statement.

The northern group explained it is in favour of idea of turning the European Stability Mechanism (ESM) fund into a European monetary fund; however, opposition was voiced to the European Commission’s proposal on the European Parliament becoming its supervising body.


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