Franco-German risk fund could be set up in weeks if political will: source

French Economy Minister Emmanuel Macron and his German counterpart, Sigmar Gabriel, have proposed setting up the fund in a letter to President Francois Hollande and German Chancellor Angela Merkel, Macron said in Berlin on Monday. Other European Union countries would be welcome to join. If we wait for an update of the European Union's plurianual financial plans, we won't have anything until 2017.