Mario Draghi noted the importance of creating a single budgetary fund in the euro area to deal with crises

President of the European Central Bank, Mario Draghi, noted the importance of creating a fund in the euro area that would allow euro zone states to resist future crises, Bloomberg reports. Speaking at the event in Florence, he said: 'The goal of creating this fund will be to provide an additional level of stabilization, which will strengthen the confidence in the policy pursued by the euro area states”. The need to create a joint budget mechanism for strengthening unity in economic and monetary policy has long been recognized by European leaders. At the EU summit in June, measures will be discussed to strengthen European institutions, including the creation of a European bank deposit insurance system. However, experts believe that differences of opinion between Germany and France will not allow European leaders to agree on reforms.

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