At the same time, the formation plan is divided into two stages. The first should end in 2019, when elections to the European Parliament will be held, and the second will end from 2020 to 2025.

As reported by Deutsche Welle, the corresponding plan for the development of the eurozone was presented on Wednesday May 31. The document, in particular, says that by the end of the second stage it is planned to deepen cooperation between the eurozone countries and finally complete the formation of a single currency and economic space,.

However, the document also talks about the intention to create a single treasury and currency fund, and plans to issue joint bonds, the establishment of the post of finance minister of the euro area, which will head the European Treasury and at the same time be the head of the Eurogroup - the association of EU finance ministers.

Recall, as reported URA-Inform, German Federal Chancellor Angela Merkel and French President Emmanuel Macron held a meeting, as a result of which they agreed to develop a medium-term plan for the development of the European Union.