January 12, 2018 / 5:59 PM / 7 months ago

EU to get its own finance minister: German SPD leader

BERLIN (Reuters) - The leader of Germany’s centre-left Social Democrats said on Friday he expects the European Union to have a finance minister to oversee financial issues in the bloc.

Social Democratic Party (SPD) leader Martin Schulz speaks during a press conference after exploratory talks about forming a new coalition government at the SPD headquarters in Berlin, Germany, January 12, 2018. REUTERS/Fabrizio Bensch

The remarks by Martin Schulz to German broadcaster ZDF came hours after his party agreed a blueprint for negotiations with Chancellor Angela Merkel’s conservatives on forming a coalition government.

“The paper is a turnaround for European politics,” Schulz said, referring to a pledge made by the parties to work closely with French President Emmanuel Macron on his ambitious EU reform proposals. “There will be a European finance minister.”

Reporting by Gernot Heller; writing by Joseph Nasr, editing by Thomas Escritt

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