Northern EU Countries Urge Caution in Euro Reforms

Northern EU Countries Urge Caution in Euro Reforms
A huge euro logo is seen in front of the headquarters of the European Central Bank (ECB) in Frankfurt, Germany on June 13, 2005. Ralph Orlowski/Getty Images
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HELSINKI—Eight northern European countries said on Tuesday that eurozone reforms should focus on completing the banking union, improving compliance with budget rules and setting up a European Monetary Fund, with more ambitious plans left for later.

Denmark, Estonia, Finland, Ireland, Latvia, Lithuania, the Netherlands and Sweden were referring to French proposals for deepening eurozone integration, discussion of which has been on hold pending the formation of a new government in Germany.