Finance Minsters of France and Germany have agreed that Greece should stay in the eurozone.
France's new finance minister Pierre Moscovici and his German counterpart Wolfgang Schaeuble made the stand of their governments clear at a joint news conference in Berlin after holding talks in the German capital on Monday.
The two ministers also discussed the idea of introducing the so-called Eurobonds in the Eurozone to fight the debt crisis.
Schaeuble reaffirmed Berlin's opposition to the idea, while Moscovici favored the instrument.
The topic will be discussed at Wednesday's informal European Council meeting.
Moscovici described his talks with Schaeuble as "constructive."
Germany and France, Eurozone's two major players, are ruled by opposite political camps. However, Moscovici and Schaeuble stressed that this will not prevent them from developing a close working relationship.
The first Socialist Government to rule France in 17 years assumed power last week under the leadership of President Francois Hollande.
As leader of the eurozone's second-largest economy after Germany, Hollande's stance is seen as crucial in deciding the fate of the eurozone.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.