The socialist French President Francois Hollande recently called for a joint European economic government which would include a president, budget, and tax system for the countries in the eurozone. Today, it was reported that the Italians are warming up to the idea, with Italy's foreign minister saying that the proposal is worth consideration and that, "We take note with satisfaction the French position." While the French and Italians might like the idea it is hard to see why Germany, which already has a strained relationship with France, would get on board with the idea.
May 17 (Reuters)—Italy said French President Francois Hollande's call for a joint European economic government should be considered, Foreign Minister Emma Bonino said on Friday.
"We take note with satisfaction the French position," Bonino told a news conference. She added Hollande's proposal "must be taken into consideration and must be explored".
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