do believe that everybody agreed that we must complete and they must by the shape or the economic and monetary union and these also a commitment which was taken in rome when the. leader of the twenty seven member states. there on the correlation last twenty fifth of march they clearly say we must complete the economic and monetary union which. in war. must seem that war means we must open the debate on how the euro is run but why wait till the french and german elections don't you think it's a little bizarre that the issue of heroes over form has grown up right now. or hasn't been brought up as of yet maybe people don't have courage to.

do believe that everybody agreed that we must complete and you must bet the shaper the economic and monetary union and these also a commitment which was taken in rome when the. leader of the twenty seven member states met. there on the correlation last twenty fifth of march they clearly say we must complete the economic and monetary union which translated in war. must seem that war means we must open the debate on how the euro is run but why wait till the french and german elections don't you think it's a little bizarre that the issue here as a reform has been brought up right now. or hasn't been brought up as of yet maybe people don't have courage to germany why did they only get the courage to talk about this now. we found the chorus to don't seem to be one of the reins of government so we have been talking about these at least since. the beginning of march or twenty fourteen and we have a thing we have obtained some improvement we hope they in an investment plan at european level of the so-called you plan. more intelligent or at least less stupid implementation of the stability and growth pact

do believe that everybody agreed that we must complete and they must by the shape or the economic and monetary union and these also a commitment which was taken in rome when the. leader of the twenty seven member states. the rome the correlation last twenty fifth of march they clearly say we must complete the economic and monetary union which. in war. must seem that war means we must open the debate on how the euro is run but why wait till the french and german elections don't you think it's a little bizarre that the issue of heroes o. reform has brought up right now. or hasn't been brought up as of yet maybe people don't have courage to germany why did they really get the courage to talk about this now. we found the chorus to don't seem to be one of the reins of government so we have been talking about these at least since. the beginning of march or twenty fourteen and we have a thing we have seen some improvement we hope they in an investment plan at european level or the so-called plan. more intelligent or at least less stupid implementation of the stability and growth pact drools towards. so som

their rome the correlation last twenty fifth of march they clearly say we must complete the economic and monetary union which translated in war. must seem that war means we must open the debate on how the euro is run but why wait till the french and german election stunt you think it's a little bizarre that the issue here is over for him has grown up right now. or has name dropped as of yet maybe people don't have courage to germany why did they only get the courage to talk about this now who we found the chorus to don't seem to be one of the government so we have been talking about these at least since mid february the beginning of march or twenty fourteen and we have a thing we have some improvement we have update on investment plan at european level of the so-called plan. more intelligent or at least less stupid implementation of the stability and growth pact drools towards thirty so some important step by been taken. to. reform the euro zone you need a commitment of other partners and so far as. always been postponed now as it is a fundamental issue which is going to be debated also in the general

we need to see more agile economic and monetary unions. the euro area is more resistant years ago.han it was we have a european stability mechanism, which i believe should gradually be turned into a european monetary fund that needs to be anchored in the european union. will be specific proposals coming from the commission in december of this year to that effect. we need a european minister of economy and finance, a minister to promote structural reform in states, who- member can build on the work done by the commission for structural reform support. the minister of economy and finance should coordinate all you financing instruments and step in whenever a member state is facing the threat of action or fundamental crisis. we are not calling for a new position. for efficiency reasons, i the future commissioner responsible for the economy and the vice president, should carry out this role. the european minister of economy and finance must be accountable to the european parliaments. we do not need parallel structures. we do not need a separate

strengthening economic and monetary union remains a priority. -- welcomes the ongoing discussions on ing the institution of architecture over our economic and monetary union. we are now at your disposal for questions. you said the governing council plans to discuss the calibration. measures, did you have a preliminary discussion? did you discuss options for the future of qe. you mentioned the volatility of the exchange rate, is there an economic concern, do you think at its current level the euro is a problem. do you think it affects the fundamentals of the european debt euro zone economy? i will respond to both your questions. clearly all members of the council speaking on as far as the economic situation is concerned, they spoke on three topics. growth, inflation and the exchange rate. generalh, there was a recognition of the progress made by the eurozone recovery. robust, it is broad-based and it was recalled 6 million jobs were created since 2015. this recovery is really the base for a confidence that inflation will eventually converge, but also in a moment that patience is needed

eurozone, and there is talk of a eurozone finance minister, i wonder how that would be received in italy. mr. monti: yes. italy has long been supporting monetary,f deeper economic, and fiscal unionically the idea of a treasury minister from europe, which i think was aired several years ago, has always been quite popular in italy, as fiscal the notion of capacity from the eurozone. it would not be from the side of italy that any difficulties would come if that were to be the proposal put out by merkel and macron. guy: do you think the reemergence of the franco german alliance is good for italy? it seems as if they have very clear views of where they want to go, and italy is in a different place economically now. poverty has tripled over the last three years to 8%, unemployment remains unchanged at 11%. if we compare italy and france from a real economy less of view, italy is advanced than france, and you mentioned some of the data. from a financial economy point of view, a public sector budget point of view, italy has done francerably more than over the last five years or so, france has consistently been above the 3% allowed by the growth pact. italy has gone below that ever taly

economic recovery in every single member state. growth in the european union over the united states in last two years 2% of the union as a whole and 2.2% for the monetary. unemployment is at a nine-year low. almost eight million jobs have been created so far. 235 million people at work and more people in the european union than ever before. the uk commission cannot take the credit or this alone. though i am sure if it had been lost we would have taken the blame. your institutions played their part in helping. we can take credit for her european investment which has 225 billion in investment so far. it was close to over 400 or 2000 infrastructure projects. we can take credit for the fact that sanctions will determine action. european banks once again have the capital firepower to win two companies so they can grow and create jobs. this is thanks to an application of stability. we ask for fiscal discipline but are careful not to kill growth. this is in fact working very well despite some criticism. europe's economy is finally bouncing back. our 27 liters, the parliament and the commission are putting it in her union and together we are putting the union

economic and mob taker union. the euro area is more resistant to shocks than it was a few years ago. we have a european stability mechanism, which i believe should gradually be turned into a european monetary fund that needs to be anchored if the european union. there will be specific proposals coming from the commission in december of this year to that effect. we need a european minister of economy and finance, a minister to promote structural reform in our member states. a minister who can build on the work done in the commission but the special unit for structural reform support. the minister of european finance should coordinate all eu financing and step in whenever a member state is facing the threat of recession or fundamental crisis. we need to see a more agile economic and mob taker union. the euro area is more resistant to shocks than it was a few years ago. we have a european stability mechanism, which i believe should gradually be turned into a european monetary fund that needs to be anchored if the european union. there will be specific proposals coming from the commission in december of this year to that effect. we need a european minister of economy and finance, a minister to

union. and from rome the mep roberto gualtieri. he is a senior mep who chairs the economic and monetary affairs committee in the european parliament.p that is scrutinising the brexit deal. good evening to both of you. good evening. daniel, theresa may blinked. i would not say that at all. she has been cleared she wants us to be the eu's that and best friend. she's putting flesh and what she said that the beginning that we want a deep and special partnership. i do not see how she was going to interpret a 52/48 result. any have a referendum that close, it is not a mandate to walk away, it is a mandate for a phased in a gradual recovery of power. what she will be offering at some point is the 20 billion euros figure two years after brexit to take care of all the different eu commitments. the eu wanted 60 billion. britain has an interest in the security of its european allies. wealthy neighbours make good customers. all of these issues, the budgetary issues and tra nsitionary issues, should be seen in the context of us want a win — win outcome. it is not out of kindness, out of altruism, out of self—interest we want the eu to succeed a