Euro zone budget could be integrated into broader EU funds -Merkel

Speaking to residents of the eastern city of Jena during a "town hall" meeting, Merkel repeated her support for an agreement reached with France in June to boost investments and strengthen economic convergence in the euro zone.

A planned budget for the eurozone could be integrated into the broader spending funds of the European Union, Chancellor Angela Merkel said on Tuesday, adding she sees no immediate need for a finance minister for the currency bloc.

Speaking to residents of the eastern city of Jena during a "town hall" meeting, Merkel repeated her support for an agreement reached with France in June to boost investments and strengthen economic convergence in the eurozone.

"At the moment we are leaning toward integrating (a eurozone budget) into the European budget so that the European Parliament could oversee it," Merkel said.

Merkel and French President Emmanuel Macron agreed in June to hammer out the details of a reforms package for the eurozone, including a budget, by the end of the year.

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