June 20, 2018 / 11:43 AM / 6 months ago

EU Commission hails Franco-German deal on deeper euro zone integration

German Chancellor Angela Merkel and French President Emmanuel Macron react as they await European Commission President Jean-Claude Juncker in Meseberg, Germany, June 19, 2018. REUTERS/Hannibal Hanschke

BRUSSELS (Reuters) - The European Commission welcomed on Wednesday a joint position of the euro zone’s two biggest countries — Germany and France — on the key elements of deeper euro zone integration calling it a crucial step for reaching an overall agreement.

“I think the agreement yesterday between President Macron and Chancellor Merkel represents a crucial political step towards an agreement,” European Commissioner for Economic and Financial Affairs Pierre Moscovici told a news conference

“Experience shows that even if an agreement between France and Germany is not enough for an final agreement it is true that an agreement without such an understanding is unthinkable. The condition sine qua non is that Paris, Berlin and Brussels move forward together,” he said.

Reporting By Jan Strupczewski, Robert-Jan Bartunek and Julia Echikson

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