EU Internal Policy

Merkel under pressure: German Chancellor backs Juncker’s dream of EU finance minister

ANGELA Merkel appears to have bowed down to pressure from Jean-Claude Juncker over plans for a European finance minister in a desperate effort to manage rifts within the bloc.

angela merkel juncker newsGETTY

Angela Merkel is backing Jean-Claude Juncker’s calls for greater financial integration

The German Chancellor reluctantly admitted a budget minister could be introduced into the bloc, as Mr Juncker, as well as French president Emmanuel Macron, step up calls for closer financial integration between member states.Mrs Merkel said the governance of the eurozone needs to be strengthened – and this could feasibly mean a finance minister.

Eurozone powerhouse Germany has traditionally been reluctant to share more of its income with fellow states through a shared budget.

But Mr Juncker used his annual State Of The Union address to this week push his dream of greater financial integration and a finance minister.

Mrs Merkel today conceded the EU president’s plan could come to fruition – but did not exactly sound overjoyed by the plans.

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Nick Toeman

What’s the problem, Herr Schauble would be delighted to do the job, wouldn’t he?

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