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Parliamentary questions
1 September 2017
Question for written answer
to the Commission
Rule 130
Dimitrios Papadimoulis (GUE/NGL)

 Subject:  European Monetary Fund

In her recent statements (29 August 2017), German Chancellor Angela Merkel reiterated the need to support the development of a European Monetary Fund that would provide financial assistance to Member States, in an effort to deepen coordination on EMU budget policies.

This would actually mean turning the European Stability Mechanism (ESM) into a European Monetary Fund, and making IMF involvement in EU Member State stability programmes redundant in the future.

Meanwhile, the German Chancellor did not rule out a French idea to have a common euro area finance minister, as proposed by French President Emmanuel Macron.

In light of the above:

1. Has the Commission examined these proposals and how does it evaluate them?
2. Which institutions will control the European Monetary Fund and to whom will it report?
3. What would the election of a common finance minister mean for the euro area and Member States?

Original language of question: EL 
Last updated: 13 September 2017Legal notice