Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Carmakers rev up for Paris Motor Show

Read more

BUSINESS DAILY

Paris Motor Show gets into gear

Read more

IN THE PAPERS

Between darkness and fear: Bombs rain down in Aleppo

Read more

IN THE PAPERS

Shimon Peres: From Hawk to Dove

Read more

MEDIAWATCH

Shimon Peres, 'a man of many faces'

Read more

THE DEBATE

The Legacy of Shimon Peres: The last of Israel's founding generation (part 1)

Read more

THE DEBATE

The Legacy of Shimon Peres: What's left of the Oslo Accords? (part 2)

Read more

THE INTERVIEW

Ex-CIA director 'very worried' by prospect of Trump presidency

Read more

FACE-OFF

Migrant crisis: A political football in France?

Read more

Europe

France and Germany agree on 'full-time' Eurogroup chief

Text by News Wires

Latest update : 2013-05-31

France and Germany have agreed upon appointing a full-time president to oversee Eurogroup, French President François Hollande announced at a joint press conference with Angela Merkel in Paris on Thursday.

France and Germany have agreed to jointly push for a full-time chief to oversee economic policy in the eurozone, President Francois Hollande said on Thursday.

"We agree that there be more eurozone summits with a full-time president of the Eurogroup," which oversees policy in the currency bloc, Hollande said at a joint press conference with Chancellor Angela Merkel.

The Eurogroup, currently headed by Dutch Finance Minister Jeroen Dijsselbloem, is at present run by one of the 17-nation eurozone's finance ministers. It sees the zone's finance ministers meet informally every month to set economic policy for the bloc.

The proposed new president "could be mandated by eurozone ministers to support action for jobs, research and industry," Hollande added.

(AFP)

Date created : 2013-05-30

  • FRANCE

    Hollande calls for EU 'economic government'

    Read more

  • EUROZONE

    Eurozone unemployment reaches record 12.1 percent

    Read more

  • FRANCE - GERMANY

    Is the Franco-German union heading for divorce?

    Read more

COMMENT(S)