French Finance Minister Le Maire speaking with German newspaper Handelsblatt
- Euro zone will not survive in long run without fiscal convergence -
- Europe is not prepared to deal with a new crisis in euro zone
- Euro zone members need to complete banking and capital markets union, allow ESM bailout fund to act as backstop for banks
- I don't believe that Italian government's standoff with EU over its budget is a threat to Euro zone
Officials in Europe are chasing after this fiscal convergence thing, have been for like, ever, and will continue to do so. That's how you should read these comments in case you are wondering.
