The European Parliament has adopted a set of three resolutions exploring the future development of the European Union. Two of the rapporteurs, Pervenche Berès and Reimer Böge, want to bring euro area economies closer together to make them more resilient to outside shocks. A budget specific to the Eurozone is one of their key proposals.

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economic policy

EU budget

monetary relations (2406)

Finance

The Future of Europe : the Eurozone needs to muscle up (Pervenche Berès/Reimer Böge)

https://api.multimedia.europarl.europa.eu/documents/20125/19623118/NI01-PUB-170220-EURO-EN.srt

a monetary zone needs to be able to ensure

and to keep its economies from diverging.

we cannot allow economies to diverge too much,

that is, one that impacts one Member State in particular, 

 that Member State needs to be able to react

and the rest of the Member States need to help it to react,

It is not in the interest of other Member States 

In case of a crisis that they cannot cope with alone,

But with specific conditions that have been previously agreed upon.

to be paid back over a longer period of time.##@#

or a sharp dip in levels of investment activity,

I know some Member States outside of the eurozone, 

especially those in Eastern Europe, are concerned, 

saying there will now be first class and second class States.

and we have explicitly invited non-eurozone countries to join us. 

With the exception of Denmark and Great Britain,

all the countries have pledged to join the euro. ##@#

 if we don't equip it to learn lessons from the crisis, 

I am simply saying that we cannot just wait until 2020