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Moscovici urges euro zone to seize 'unique' reform window

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11/08/2017 | 02:33pm CET
EU Economic and Financial Affairs Commissioner Moscovici presents a VAT reform proposal  in Brussels.

The euro zone must seize a current window of opportunity for urgent reforms to the currency bloc, including by creating a joint finance minister answering to the European Parliament, European economic and financial affairs commissioner Pierre Moscovici said.

"There is now a window of opportunity to carry out deep-rooted reforms to the euro zone," he said at a conference in Berlin on Wednesday. "We cannot wait any longer. We must use this opportunity. We must make progress between December and June."

(Reporting by Michael Nienaber; Writing by Thomas Escritt)

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