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Hollande and Merkel greet each other at the Elysee palace (Photo: elysee.fr)

Merkel and Hollande call for full-time euro President

One day after he rejected EU "dictates" on economic policy, French leader Francois Hollande and Germany's Angela Merkel have called for the creation of a full-time euro "President."

The idea came in a joint text published on Thursday (30 May) during Merkel's visit to Paris.

The paper says "a full-time President for the Eurogroup of finance ministers relying on wider resources" should be created after the EU elections in 2014.

It calls for: more frequent eurozone summits; a...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Hollande and Merkel greet each other at the Elysee palace (Photo: elysee.fr)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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