The idea of a special budget for the eurozone was shared by many influential countries, including Germany and France, according to one senior EU diplomat, who was speaking to journalists on condition of anonymity.
“It’ an idea developing in all directions, still far away from the stage of a clear-cut proposal,” he said.
The diplomat said countries were discussing what type of income and expenditure the budget would cover, with the aim of putting in place an instrument for financial and macroeconomic intervention against “asymmetric shocks”.
Several countries would like a special budget for the eurozone to protect the single currency from “asymmetric shocks”, with France, Germany and others backing the idea, according to EU diplomats.