Merkel Pushes Euro Reform, Saying ECB Policy Won't Be Forever
- German leader hints at steps with France for EU summit in June
- Lists options on euro-area budget, future EU monetary fund
This article is for subscribers only.
German Chancellor Angela Merkel said governments must step up efforts to integrate the euro area because the European Central Bank’s expansive monetary policy won’t last forever.
“The global view of joint currency unions states that you need to have some kind of element of last resort,” Merkel said in a speech to the lower house of parliament in Berlin on Wednesday.