Merkel and Macron propose Eurozone budget

The leaders of Germany and France have agreed to create a eurozone budget they hope will boost investment and provide a safety mechanism for the 19 nations using the euro currency, and also to seek a European solution to migration issues.

The announcement from German Chancellor Angela Merkel and French President Emmanuel Macron came after a meeting in Berlin to co-ordinate the two major powers' positions on the future of the European Union ahead of next week's EU summit.