Merkel and Macron approve creation of eurozone finance minister

French President Emmanuel Macron (R) greets German Chancellor Angela Merkel as she arrives for talks on EU integration, defense and migration at the Elysee Palace in Paris, France, August 28, 2017. REUTERS/Charles Platiau

Angela Merkel and Emmanuel Macron have thrown their weight behind the creation of a new powerful eurozone finance minister post that would oversee economic policy across the bloc.

Speaking in Paris on Tuesday French president Mr Macron said that a “revamp” creating the new economy chief and a eurozone-wide budget were key to helping the bloc weather future crises. The German Chancellor Ms Merkel, who is up for re-election next month, also separately backed deeper integration at her annual press conference in Berlin. Ms Merkel said the new “economics and finance minister” role could provide “greater coherence” to economic policy across the bloc…
Read more : Today Europe, 29.08.2017