Bloomberg News

Merkel Spokesman Rejects Figaro Story on Euro Finance Chief Post

July 04, 2012

German Chancellor Angela Merkel doesn’t support naming a euro-area finance minister, said Steffen Seibert, her chief spokesman, denying a report in Le Figaro that Germany and France are discussing creating the post.

The French newspaper’s report is “freely fabricated” and doesn’t reflect German policy, Seibert said in a text message today when asked about the article.

Le Figaro, citing French and German officials it didn’t identify, said the leaders of the euro area’s two largest economies will address the new position at a meeting on July 8 in Reims, eastern France. A future finance minister would head meetings of euro-region counterparts, replacing Luxembourg Prime Minister Jean-Claude Juncker, who will stay in that position until year-end, the newspaper reported today.

The “Super Mr. Euro,” as the officials called it, according to Le Figaro, would also sit at the Group of 20 meetings and have a level of responsibility similar to the European Central Bank president, Le Figaro reported.

To contact the reporters on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net; Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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