The eurozone could get its own finance minister and tax powers

After months of chaotic negotiations between Greece and its European creditors, it’s clear that pretty much no one is happy with the way that the eurozone works.

 

According to Reuters, reporting German magazine Der Spiegel’s exclusive, finance minister Wolfgang Schaeuble is open to the possibility of having a single eurozone finance minister with “substantial financial resources” from Germany.

 

The Five Presidents’ Report published earlier this year by EU Commission chief Jean-Claude Juncker laid out the possibility of massive further integration, but the power to force it through really lies with the individual countries — Germany’s position on the issue could make or break the idea.

 

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