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Italy said French President François Hollande's call for a joint European economic government should be considered, Foreign Minister Emma Bonino said on Friday (17 May).

European Commission President José Manuel Barroso urged France on Wednesday (15 May) to push ahead faster with economic reforms in return for being granted two more years as promised to bring its budget deficit below the EU limit. The Commission will present more detailed recommendations to France on 29 May.

The EU’s transformation into a more integrated bloc centred on the eurozone will be a key part of the German election campaign, according to Karl Aiginger, director of the Austrian Institute for Economic Research (WIFO). But politicians will probably give in to “populist statements”, he warns, saying the debate on Europe is currently “very irrational” in Germany.

European Union finance ministers approved a €7.3-billion increase in the bloc's spending for 2013 on Tuesday (14 May), as part of a deal to unblock talks on the EU's next long-term budget.

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