Hollande Says Euro Banking Union is First Step to Budget Union
By Gregory Viscusi -
2012-07-08T10:33:16Z
French President Francois Hollande said the proposed banking union agreed at the June 29 European summit is the “first step to a budgetary union, which will open the way to stability, growth, and tighter ties.”
He said France and Germany must defend the euro with “strict rules and powerful instruments.”
Hollande spoke in the eastern French city of Reims alongside German Chancellor Angela Merkel at a ceremony commemorating the 50th anniversary of the German-French reconciliation treaty.
To contact the editor responsible for this story: Gregory Viscusi at gviscusi@bloomberg.net
More News:
- Economy ·
- Eastern Europe ·
- Europe ·
- Germany ·
- Italy ·
- U.K. & Ireland ·
- Bonds ·
- Currencies ·
- Finance
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.