German Finance Minister Wolfgang Schaeuble called for EU member states to hand more powers to the European Union in \"major political areas\", Der Spiegel news magazine reported Saturday. \"We must transfer more responsibilities to Brussels in major political areas, without national governments being able to block decisions,\" said Schaeuble in an interview with the weekly to be published Monday. His appeal comes after repeated calls by Chancellor Angela Merkel for \"more Europe\" rather than less to fight the bloc\'s financial crisis. \"Up to now, European member states almost always have the last say,\" said Schaeuble. \"This cannot go on.\" Der Spiegel said the finance minister, a key figure in Merkel\'s conservative Christian Democratic Union party, was in favour of turning the EU\'s executive Commission into a real government, strengthening the European Parliament and electing a European Union president by universal suffrage. But Schaeuble cautioned that Europe \"will not be a federal state like the United States or the Federal Republic\" of Germany. \"It will have its own distinct structure.\" Schaeuble also warned of the euro single currency disintegrating. In this case \"many things that we have achieved and cherish would be called into question -- from the common market to free travel across Europe\". \"But a disintegration of Europe would be absurd. The world is moving closer together, and in Europe each country would go it alone again? This cannot be, must no be and will not be,\" he added.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor