What could a euro-area finance minister do?

Guntram Wolff

Zeitschrift für Wirtschaftspolitik, 2017, vol. 66, issue 2, 151-157

Abstract: With the election of Emmanuel Macron as president of France, the idea of a euro-area treasury and finance minister is back in the limelight. The election programme of the new French president calls for „a budget for the euro area voted by a euro-area parliament and executed by a euro-area finance minister“ with the aim to „be able to invest much more than currently“.This call is broad and needs to be filled with content. And unless there is a clearer articulation of what key issues such a project is trying to resolve, there will be little support for moves in that direction – as recent sceptical voices from Germany have already foreshadowed.I see five major issues that deserve to be discussed. None can be answered in isolation, as they are economically, politically and legally connected.

Date: 2017
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DOI: 10.1515/zfwp-2017-0011

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