GETTY•EPA•PAEmmanuel Macron is the first European leader with an explicit mandate for Eurozone reforms
Under the new proposals, the EU’s informal gathering of Eurozone finance ministers - or the ‘Eurogroup’ - could effectively grow in stature significantly, promoting further integration in the single currency bloc.
It would also see the roles of Eurogroup President and European Commissioner merged into one role, making one individual responsible for the economic and monetary union (EMU) - so in effect, the EU’s finance minister.
A potential option, and one that is favoured at the Commission, is creating a post similar to that of Federica Mogherini’s EU foreign affairs role.
This would ensure the Eurogroup be run by someone with a foot in both the Commission and Council camps.Related articles
While parts of the plan have been welcomed favourably, other aspects have been described as “for the trash can only.”
Within the proposal is a 40-page submission on the future of the EMU, with an aim to bring richer and poorer European nations closer together by a self-imposed 2025 deadline.
This proposal is a blatant attempt by Brussels to build on the “Future