French Minister of Economy Emmanuel Macron advocated for a complete "reorganization of Europe".
After the “Greek disaster”, French President Francois Hollande had already stated that the Eurozone needs a redistribution mechanism. French Premier Minister Manuel Valls, for his turn, announced that he would soon present concrete proposals on the issue.
"A monetary union without budgetary regulation – that’s impossible! The strong [countries] should help," Macron continued, adding that one should establish in Brussels a new post of "Euro-commissioner", who would coordinate the economic, financial and social policies of the Eurozone countries.
Commenting on Macron’s proposal, Merkel gave the initiative on the revival of the monetary union positive feedback. However, her attitude to the budgetary regulation was more skeptical.
"Within the European Union, we already have certain financial regulations between net contributors and recipient countries," she said, offering no convincing reorganizational proposal in return.
