During an interview with a German newspaper, French Finance Minister Le Mayer said the euro zone would not last long without financial convergence. His most prominent statements were as follows:
- The euro area will not survive in the long term without financial convergence
- Europe is not ready to deal with a new crisis in the euro area
- Members of the eurozone need to complete the banking union and capital markets, and allow the bailout fund to act as a support for banks
- I do not think the confrontation between the Italian government and the EU on its budget poses a threat to the euro area
