28 May 2001, 17:59  France's Jospin calls for 'economic government' in euro zone, tax harmony

PARIS (AFX) - Prime Minister Lionel Jospin said he favours an "economic government" for euro zone countries, proposing that: "Each member country consult first with its partners, taking into account their recommendations, before taking any decision that would have consequences for the entire zone." In a speech outlining his vision of an enlarged and more integrated Europe, Jospin also said that harmonized corporate taxes in the euro zone are "necessary" in the long term, in order to prevent fiscal dumping. In addition, Jospin called for the creation of a common pool of funds that would be used to support member countries that are particularly hit by global economic turbulence.

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