MOSCOW (Sputnik) — French President Francois Hollande said Thursday that the European Union’s single currency area eurozone needs a finance minister and a common budget.
"There needs to be a budget and a finance minister of the eurozone," Hollande said in a televised live speech broadcast by the president’s website.
The president said that the French economy was effectively "doing better," but said external impacts like Brexit made it fragile.
French Finance Minister Michel Sapin said Tuesday that UK's decision to leave the European Union called for closer integration within the 19-nation euro area to curb economic fallout. The United Kingdom is not part of the eurozone.
