Merkel endorses euro zone ‘economics and finance minister’

Investing.com - German Chancellor Angela Merkel said she is open to the idea of a euro zone economy and finance minister.Speaking Tuesday, Merkel said she could imagine the euro zone having a combined economy and finance minister,whose role would help provide “greater coherence” in economic policy across the euro area.The idea has been put forward by French President Emmanuel Macron,as part of a proposed reform of the euro zone.She also backed the idea of turning the European Stability Mechanism into a European Monetary Fund.The comments indicated she is willing to peruse deeper integration in the euro area.