Angela Merkel is money Jean-Claude Juncker’s calls for greater financial integration
The German Chancellor reluctantly declared a budget minister could be introduced into the bloc, as Mr Juncker, as thoroughly cooked as French president Emmanuel Macron, step up calls for closer monetary integration between member states.
Mrs Merkel said the governance of the eurozone necessaries to be strengthened – and this could feasibly mean a finance minister.
Eurozone powerhouse Germany has traditionally been antagonistic to share more of its income with fellow states through a shared budget.
But Mr Juncker inured to his annual State Of The Union address to this week push his delusion of greater financial integration and a finance minister.
Mrs Merkel today resigned the EU president’s plan could come to fruition – but did not exactly sound tickled pink by the plans.
In an plain effort to keep a united front with the EU president, Mrs Merkel predicted: We certainly need to strengthen the governance of the euro zone … I make nothing against a European finance minister.
“I can well imagine that.”
But she amplified: “But what is important to me is that we underpin the slogans – ‘economic government’ and ‘European wherewithal minister’ and ‘budget’ – with substance.”
Mr Merkel also said fiscal cooperation was still “incoherent.”
1 of 83
It aggregate b regain after Mr Macron joined Mr Juncker in greater calls for a budget and capitalize minister.
The French President said the steps are key to avoiding economic throw for a loops and head off future crises.
Mr Macron also wants a European Numismatic Fund to replace the International Monetary Fund in any member state bailouts.