German Finance Minister Olaf Scholz has said that he wants to see the Eurozone members approve a widening of the competence for the European Stability Mechanism (ESM) bailout fund by December 3 as a way for the ESM to lend to banks as well as sovereigns, which would later develop into a fully-fledged European Monetary Fund.
In a nod to French President Emmanuel Macron, he also said that he wanted to see the introduction of a Eurozone budget that would boost investment, economic convergence, com...

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