Merkel can well imagine a European finance minister

German Chancellor Angela Merkel said on Friday she could well imagine a European finance minister but stressed that the creation of such a position would have to be underpinned with reforms of substance.

“We certainly need to strengthen the governance of the euro zone … I have nothing against a European finance minister. I can well imagine that,” she told a joint news conference in Berlin with French Prime Minister Edouard Philippe.

“But what is important to me is that we underpin the slogans – ‘economic government’ and ‘European finance minister’ and ‘budget’ – with substance.”

Merkel added that although monetary policy in the euro zone was harmonized, economic cooperation was still “incoherent.”

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