The Franco-German proposals on the creation of a fiscal capacity for the Eurozone have failed to convince the Austrian finance minister, Hartwig Löger.
“We need to go into greater depth on the subject”, said the President-in-exercise of the Ecofin Council in Vienna on Thursday 5 July, during an exchange with the press. We look favourably upon any proposal on deepening Economic and Monetary Union, but “we are critical” of the idea of having instruments from the European Stability...