EU transferring in direction of fiscal union with pandemic restoration opinion: German FinMin

© Reuters. German Finance Minister Scholz and Justice Minister Lambrecht retain news convention in Berlin

BERLIN (Reuters) – The European Union is taking a step in direction of a fiscal union with its plans to recover from the coronavirus pandemic, which involve the European Payment borrowing in financial markets, German Finance Minister Olaf Scholz said on Monday.

“We are transferring in direction of fiscal union, a fundamental step ahead in the financial capacity and sovereignty of the EU,” Scholz advised an interparliamentary convention on steadiness, economic coordination and governance in the European Union.

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