France’s Hollande urges euro zone government, common debt

French President Francois Hollande called on Thursday for an economic government in the euro zone that would have its own budget, the right to issue debt, a harmonised tax system and a full-time president.

Speaking at a news conference marking his first year in office, a day after economic data showed France had slipped back into recession, the Socialist leader said he sought to create a full political European Union within two years.

via Business feed http://www.scmp.com/business/economy/article/1239667/frances-hollande-urges-euro-zone-government-common-debt