Dutch finance minister questions Franco-German budget proposal
Dutch Finance Minister Wopke Hoekstra has questioned France and German's latest eurozone budget proposal ahead of the Eurogroup gathering in Brussels on November 19, 2018. In a Twitter post, Hoekstra said,"the need for such a budget is less than convincing. It is unclear how this will help and why this would be in the interest of Dutch citizens.”
France and Germany published a two-page proposal for the budget on November 16, 2018, which said that a eurozone budget should be within the EU budget framework and linked to “external assigned revenues,” like an EU financial transaction tax. Countries in the single currency union would be able to tap into the pot but only if they comply with strict rules on economic policy coordination.