Connect with us

EU

Merkel stresses German conditions for #eurozone reforms

SHARE:

Published

8 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

German Chancellor Angela Merkel said on Monday (7 May) her conservative bloc wanted a reduction in European banking sector risks before a banking union can be formed, adding that the eurozone’s rescue fund should remain under parliamentary control, writes Hans Seidenstuecker.

“On the issue of the banking union, for us it is clear that only when risks are reduced can we talk about agreeing a banking union,” Merkel told a news conference after a meeting of senior officials from the conservative bloc in Frankfurt.

“For us, it is also clear that the ESM (rescue fund) should remain under parliamentary control of the national parliaments. The ESM is an inter-governmental facility,” she added of the fund, which some EU officials want to turn into a European Monetary Fund.

Share this article:

Share this:
Related Topics:
Guest Contributor - Opinion

Opinions expressed are purely those of the author and not endorsed by EU Reporter. The article was unsolicited by EU Reporter, and the author guarantees the truthfulness of the contents of the article. No payment was made by EU Reporter to the author

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending