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07.03.2018

North European countries rejected Macron's ideas on reforming the eurozone

The plan for reforming the EU and the eurozone, proposed by French President Emmanuel Macron, met with opposition in eight EU countries.

After the withdrawal of the UK from the European Union, the unity of the remaining 27 member countries will be the "decisive force" that should be protected, the statement signed by the finance ministers of Denmark, Ireland, Latvia, Lithuania, the Netherlands, Finland, Sweden and Estonia says.

The announcement, which is reported on Wednesday, was made public on Tuesday, 6 March, in The Hague, reports Deutsche Welle.

The document also indicates that the debate on the future of the EU should be conducted jointly by all countries of the union, including those that are not part of the euro area.

The countries suggested that Macron not make "far-reaching proposals", but focus on reforms to strengthen economic stability.

The head of the Ministry of Finance of the Netherlands, Vopka Huxtra, explained that eight Nordic countries hold the opinion that "strong national economies will lead to a strong Europe", and should begin at the national level, observing the existing rules.

Recall, in August 2017, Macron said that France is going to take the initiative to reform the European Union.

While still a candidate for the presidency of France, Macron said that if the EU were not reformed, the prospect of the country's withdrawal from the EU would be possible.

A source: LOOK

Author: Natalia Anufrieva

Tags: Eurozone, Reforms, Macron, Economics, France