21-04-2017 17:05 via uk.finance.yahoo.com

EU executive to present euro zone budget idea next month

By Jan StrupczewskiWASHINGTON (Reuters) - The European Commission is working on an idea of a budget for the 19 countries sharing the euro currency that could support investment and also serve as an unemployment re-insurance plan, Commission Vice President Valdis Dombrovskis said on Friday.The Commission will present various options for further institutional development of the euro zone by the end of May. The euro zone budget is to be called a "fiscal stabilisation function.""We are now working o
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