ECONOMY - FINANCE - BUSINESS / (ae) emu

Michael Noonan says idea of special eurozone budget is interesting

Brussels, 09/10/2012 (Agence Europe) - At the meeting of the eurozone finance ministers on Monday 8 October and of EU27 finance ministers on Tuesday 9 October, the idea of extending Economic and Monetary Union (EMU) was discussed, along with the idea of setting up a separate budget for the eurozone. Irish finance minister Michael Noonan said the idea mooted by the president of the European Council, Herman Van Rompuy, of the eurozone having its own budget was “interesting,” and could help...