Nail euro zone problems first, fix institutions later, ministers sayThe euro zone must identify its problems, then see what changes to its institutions are needed to fix them, euro zone finance ministers said on Friday. The proposals include creating a pan-EU or euro zone finance minister, setting up a separate euro zone budget or reserving a part of the existing EU budget for the currency union, and setting up a euro zone parliament alongside or within the existing EU parliament of all 28 EU members.

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