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The eurozone must identify its problems, then see what changes to its institutions are needed to fix them, eurozone finance ministers said Friday.The proposals include creating a pan-EU or eurozone finance minister, setting up a separate eurozone budget or reserving a part of the existing EU budget for the currency union, and setting up a eurozone Parliament alongside or within the existing EU Parliament of all 28 EU members.The European Commission Wednesday called for a pan-European finance minister in charge of all forms of EU or eurozone financing via the EU budget, not just for the eurozone.It wants a large, separate eurozone budget financed from a special tax, a finance minister specifically for the eurozone and a separate eurozone Parliament to which the minister would be accountable.
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