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Merkel allies reject idea of European finance minister - Handelsblatt

 

German Chancellor Angela Merkel in Darmstadt, Germany, May 3 ,2018. REUTERS/Kai Pfaffenbach

 

BERLIN (Reuters) - Leading politicians from Chancellor Angela Merkel's conservatives want to pass a resolution at a meeting this week to reject any pooling of debts in Europe and any fiscal policy without national parliamentary controls, Handelsblatt reported.

 

The daily business newspaper, citing sources from the conservative bloc's parliamentary leadership, said the senior politicians also oppose European Commission plans for a European finance minister.

 

The group includes the parliamentary leaders of the conservative bloc in the Bundestag, the European Parliament as well as from Germany's 16 states, Handelsblatt reported.

 

Merkel will join them on Monday for a meeting in Frankfurt.

 

The report highlights the resistance among Merkel's conservatives to any euro zone reforms that could see more German taxpayers' money being used to fund other member states.

 

The conservatives are nervous about European Union reform after bleeding support to the anti-euro Alternative for Germany (AfD) party at national elections last September.

 

Last month, Merkel called for a spirit of compromise on reforming the euro zone at a meeting with French President Emmanuel Macron, who pressed for solidarity among members of the currency union.

 

(Writing by Paul Carrel; Editing by Matthew Mpoke Bigg)

 

-- © Copyright Reuters 2018-05-07

[sweatalot]

"he report highlights the resistance among Merkel's conservatives to any euro zone reforms that could see more German taxpayers' money being used to fund other member states."

 

They're absolutely right.

 

"Merkel called for a spirit of compromise on reforming the euro zone ..."

 

as if she hadn't wreaked enough havoc with her opening the gates for scum (I don't mind the good people who would be grateful for the help and respect their guest country, willing to leave when it is possible)

[BuriramSam]

Excellent move on her part. Germany has handled their finances relatively well from what I have read. Giving up financial sovereignty would cost Germany dearly. 

[Katipo]

If they want to avoid further Brexits, it's more streamlining of, and less meddling, that's needed by the EU central parliament.

[Baerboxer]

1 hour ago, BuriramSam said:

Excellent move on her part. Germany has handled their finances relatively well from what I have read. Giving up financial sovereignty would cost Germany dearly. 

 

Eh? I think the German politicians who support these reforms, and want to see a EU Finance Minister actually rather expect that the Minister will be German and Germany will dictate policy.

[BuriramSam]

4 minutes ago, Baerboxer said:

 

Eh? I think the German politicians who support these reforms, and want to see a EU Finance Minister actually rather expect that the Minister will be German and Germany will dictate policy.

I am am American so you probably know better than I. That said, I will stand by my principle belief that a country is likely foolish to give up financial sovereignty. I gladly concede there is much about this particular situation I don't know. Thanks for the info.

 

 But your reply also begs the question: why is Merkel against this? 

Edited May 7, 2018 by BuriramSam
Typo

[Baerboxer]

1 minute ago, BuriramSam said:

I am am American so you probably know better than I. That said, I will stand by my principle belief that a country is likely foolish to give up financial sovereignty. I gladly concede there is much about this particular situation I don't know. Thanks for the info.

 

 But your reply also begs the question: why is Merkel against this? 

 

She's in a tricky position. Her party are concerned at loosing supporters to the nationalist anti EU AfD party. But the allies she needs in the coalition government want more EU centralization and integration. Also within her own party some lean more towards more EU integration but are backtracking now because of AfD gains.

 

Merkel judging by past comments and actions would normally support more integration, hence her declarations with Macron. But she's in a very weak position with that fragile coalition and knows it very well.

 

The real interesting clash will come when Germany and France realize both can't be the boss.