EU says progress in euro zone reform but more work needed


  • World
  • Friday, 14 Jun 2019

FILE PHOTO: Portugal's Finance Minister Mario Centeno speaks during a news conference in Lisbon, Portugal, December 10, 2018. REUTERS/Pedro Nunes

LUXEMBOURG (Reuters) - Euro zone finance ministers made some progress on Friday on establishing a budget for the 19-country currency area but have not yet agreed on its size or how it will be funded, their chairman Mario Centeno said.

Centeno said the Eurogroup of finance ministers had taken "small steps" in a meeting which started on Thursday and ended early on Friday. But the main features of the possible new budget remained unclear as ministers did not agree on how it should be financed.

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