June 4, 2018 / 2:29 PM / 9 months ago

Merkel proposes investment budget for euro zone

BERLIN (Reuters) - German Chancellor Angela Merkel on Monday proposed a euro zone budget for investment in weaker member states with the goal of improving the lives of people in those countries and strengthening convergence in the currency bloc.

“That’s why I propose an investment budget with which we could strengthen those who want to be excellent but are still weaker,” Merkel said in a speech.

Reporting by Andreas Rinke; Writing by Joseph Nasr; Editing by Michelle Martin

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