FIRST AIRED: June 19, 2018

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00:00:01
>> Emmanuel Macron has a concession of sorts in his drive to reform the eurozone. The French president has won Angela Merkel's agreement for a budget for the single-currency area, Macron hoping the unified spending plan will boost investment.>>
FOREIGN]
> Standing up to Merkel on eurozone reform is unlikely to be as easy. And the true measure of how much he's done that will only come once the final deal has been worked out.
00:00:18
For starters, it will only be operational by 2021. And details of the budget are still to be thrashed out by ministers, most importantly, how much it will account for, and whether it will be financed by nations or a bloc-wide tax. Reuters' Luke Baker explains why Germany won't want to play paymaster
00:00:37
>> Well, as ever, it really comes down to money. Germany is very worried and it's very worried for its taxpayers and its voters about seeming to buy into anything that is regarded as a transfer union. What that means is paying into some sort of fund where the funds can be used to support other countries.
00:00:53
Macron was hemmed in by political pressure at home, but on Monday Macron gave a hint he might attend the talks in a combative mood, talking tough during a public appearance to a teenager. Macron gave the kid a public dressing down for signing a socialist anthem and addressing him by his nickname.
00:01:15