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Euro zone close to agreeing on euro zone budget, financial transaction tax: Scholz

Published 06/13/2019, 07:51 AM
Updated 06/13/2019, 07:55 AM
© Reuters. Finance Minister Olaf Scholz addresses a news conference to present the results of the latest tax revenue estimate in Berlin

LUXEMBOURG (Reuters) - German Finance Minister Olaf Scholz said on Thursday that euro zone finance ministers meeting in Luxembourg were close to reaching an agreement on a euro zone budget and a financial transaction tax.

© Reuters. Finance Minister Olaf Scholz addresses a news conference to present the results of the latest tax revenue estimate in Berlin

The 28 countries that form the European Union have a shared EU budget but euro zone countries also want a separate budget for their group to serve as a fiscal tool to intervene in the euro zone economy alongside the single monetary policy of the European Central Bank.

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