Breaking News Bar
updated: 4/16/2018 7:57 AM

Germany: Merkel's party strikes cautious note on euro reform

hello
Success - Article sent! close
  • German Chancellor Angela Merkel and chairwoman of the Christian Democratic Union party speaks to board members as she arrives at a party's board meeting in Berlin, Germany, Monday, April 16, 2018.

    German Chancellor Angela Merkel and chairwoman of the Christian Democratic Union party speaks to board members as she arrives at a party's board meeting in Berlin, Germany, Monday, April 16, 2018.
    Associated Press

 
 

BERLIN -- Chancellor Angela Merkel's party says the rights of Germany's parliament must be preserved as the eurozone rescue fund is converted into a "European Monetary Fund," and that the EU's Executive Commission shouldn't have sole control of the new body.

Germany and France aim to agree on proposals for European Union changes by June. French President Emmanuel Macron has pushed for deep reforms of the 19-nation eurozone, which uses the shared euro currency.

Annegret Kramp-Karrenbauer, general secretary of Merkel's conservative Christian Democratic Union, said Monday her party is not conducting a "discussion meant to block anything" in June. But she says "our aim is for the results ... to be in European and German interests."

Merkel has cautiously welcomed Macron's proposals but made clear Germany's reluctance to share financial liability remains.

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.