October 26, 2017 / 3:43 PM / in a year

German coalition parties not yet agreed on eurozone budget idea

BERLIN (Reuters) - The German parties exploring a possible coalition said on Thursday they wanted to discuss further the question of a euro zone budget — an idea pushed by French President Emmanuel Macron.

“German-French cooperation is of paramount importance to us,” the three groups — the conservatives, pro-business Free Democrats (FDP) and Greens — said in a paper released during exploratory coalition talks.

They also agreed to further discuss the future of the euro zone’s rescue mechanism, the ESM, which some politicians want to turn into a more powerful European Monetary Fund. A negotiator for the Greens said the parties were far apart on this issue.

Reporting by Andreas Rinke; Writing by Paul Carrel, editing by Emma Thomasson

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