World Bulletin / News Desk
European Commission President Jean-Claude Juncker on Wednesday proposed that the EU create its own Europe-wide finance minister, a big step towards deeper integration of the eurozone.
"We need a European Minister of Economy and Finance," Juncker said in his annual State of the Union speech to the European Parliament in Strasbourg.
"I am not calling for a new position just for the sake of it. I am calling for efficiency," Juncker said.
He said the job would combine the role of EU commissioner and the head of the Eurogroup of eurozone finance ministers, currently presided by Dutch finance minister Jeroen Dijsselbloem.
Juncker added that he was "not fond of the idea of having a separate euro area parliament", another idea promoted by Macron.
He also insisted that the fight to ensure that multinationals pay a fair tax be strengthened, notably by making it easier to approve tax reforms.
On tax, "Europe has to be able to act quicker and more decisively," he said.
This would require that EU tax policy be approved by a majority of member states and not the existing requirement of unanimity among the EU's 28 member states, he said.
Juncker said that he would also propose that the eurozone's bailout fund, the European Stability Mechanism, become a full fledged European Monetary Fund.
This would be based on the model of the International Monetary Fund, the US-dominated crisis bank that took a major role in the eurozone debt crisis.
President Emmanuel Macron says UN Security Council must condemn genocide, ethnic cleansing in Myanmar
Transport for London said the conduct of Uber, which has around 40,000 drivers and 3.5 million customers in the British capital, had raised concerns.
Changes to labor code will only take effect after other completing decrees are signed before end-2017
Kurd region govt is forcing Kirkuk officials to show support for next week’s referendum on independence, Turkmen leader says
Moscow has 'intensified its policy of occupation' in Abkhazia, South Ossetia, Prime Minister Giorgi Kvirikashvili tells UN
Police suspect man helped terrorists acquire massive amounts of explosives
Company’s Twitter account repeatedly sent concerned consumers to fake website critical of its handling of data breach
Leaders object to KRG referendum vote, agree to fight terror groups with ‘determination’
Islamophobia threatening alienation among Europe's Muslims despite high attachment to home countries
Now everything is down to those plans becoming reality, the lender cautioned.
Turkish aid agency responds in aftermath of 8.2-magnitude earthquake which stuck on Tuesday
Thousands took to the streets of the Mediterranean seaside city on Wednesday after police detained key members of the team allegedly organising the vote slated for October 1 in a region deeply divided over independence.
Terrorist group loses five more villages in Saladin province north of Baghdad, local security sources say
Local media reported that Nkosazana Dlamini-Zuma, a former African Union chief, was sworn in Thursday as a member of parliament for the governing African National Congress.
EU says CETA free-trade deal with Canada will not be 'fully implemented' until all member states ratify it
May flew home with Johnson overnight from New York, where they had attended the UN General Assembly, landing at dawn before holding a special cabinet meeting in Downing Street.