Merkel proposes investment budget for euro zone

[June 04, 2018]  BERLIN (Reuters) - German Chancellor Angela Merkel on Monday proposed a euro zone budget for investment in weaker member states with the goal of improving the lives of people in those countries and strengthening convergence in the currency bloc.

 German Chancellor Angela Merkel looks on during a news conference with Portugal's Prime Minister Antonio Costa in Lisbon, Portugal, May 31 2018. REUTERS/Rafael Marchante/File Photo

"That's why I propose an investment budget with which we could strengthen those who want to be excellent but are still weaker," Merkel said in a speech.

(Reporting by Andreas Rinke; Writing by Joseph Nasr; Editing by Michelle Martin)

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