WARSAW, Poland — The eurozone should have its own parliament and budget to cap inequalities between its richer and poorer members that could tear the bloc apart, the EU's economy commissioner said in an interview published on Monday. "It's necessary to create a eurozone budget. Moscovici told Rzeczpospolita that a eurozone "parliament and budget would also require an executive power: a eurozone finance minister." The European Commission intends to "present an analysis of future eurozone integration" this Wednesday before consultations with members of the bloc, he said. But Poland and other younger eastern EU members still outside the eurozone have indicated they will oppose any such moves.

Source: The China Post May 29, 2017 09:56 UTC