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Merkel says open to creating eurozone budget, finance minister

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German Chancellor Angela Merkel said Thursday she was open to the creation of a finance minister and budget for the eurozone as proposed by French President Emmanuel Macron.

[PARIS] German Chancellor Angela Merkel said Thursday she was open to the creation of a finance minister and budget for the eurozone as proposed by French President Emmanuel Macron.

"I have nothing against a eurozone budget (and) we can talk about creating a European finance minister," Ms Merkel said after talks in Paris with Mr Macron.

"We agree that the eurozone must be stabilised and further developed," Ms Merkel said at a joint press conference with the French leader.

"It is in our greatest interest that all eurozone countries are strong," she said.

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Mr Macron has warned Germany that it must move to correct the "dysfunctions" of the eurozone and give it "the fate it deserves".

A eurozone budget and finance minister would require changes to EU treaties.

Ms Merkel reiterated Thursday that major reforms would have to wait until after September elections in Germany - which her centre-right Christian Democratic Union (CDU) is expected to win.

"We need a mandate from parliament, which we will seek after the elections," she said.

AFP

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