Juncker wants EU finance minister, no separate euro budget or parliamentSTRASBOURG, France (Reuters) - The European Union should have a minister of economy and finance but no separate euro zone budget or parliament, the head of the European Commission said on Wednesday. Jean-Claude Juncker said such a minister should also be the chairman of all euro zone finance ministers and be accountable to the European Parliament. The minister would be in charge of economic and financial issues not only for the euro zone, but for all EU countries, Juncker said in a state of the union speech to the European Parliament. Creating a finance minister for the EU rather than for the euro zone is an attempt to prevent divisions among the 27 countries that will remain in the EU once Britain leaves in 2019, EU officials said. The idea of a euro zone finance minister has been promoted by French President Emmanuel Macron. He will offer more detailed proposals for reforms to the euro zone on Sept. 26, two days after Germany s federal election, a French diplomatic source said on Wednesday. Germany Chancellor Angela Merkel also said when she met Macron last month that she could imagine creating a combined European finance and economy minister.  We need a European minister of economy and finance: a European minister that promotes and supports structural reforms in our member states,  Juncker said.  The new minister should coordinate all EU financial instruments that can be deployed when a member state is in a recession or hit by a fundamental crisis.  He said that instead of creating a new post, the job should be given to a vice president of the European Commission   a suggestion that is bound to meet with vehement resistance from euro zone governments, especially Berlin. His comments are part of the debate on the future shape of the 19-country euro zone, which Juncker said should expand to take in all the other EU members that are not yet part of it and do not have a formal option to opt out of using the euro.  Member states that want to join the euro must be able to do so. This is why I am proposing to create a Euro-accession instrument, offering technical and even financial assistance,  Juncker said, without giving details. He said that by the time Britain leaves the EU in March 2019, euro zone membership and participation in the EU s banking union - which entails a single EU supervisor, resolution authority and deposit guarantee scheme - should be the norm for all EU members. But even though all non-euro zone countries of the EU except Denmark are legally obliged to join the euro when they meet a set of criteria, some of the biggest, like Sweden and Poland, have no plans to do so in the foreseeable future, believing their own currency gives their economies more flexibility.     Addressing French and German ideas of creating a separate budget for the euro zone, on top of the existing long-term EU budget, and a separate euro zone parliament, alongside the existing EU parliament, Juncker rejected both.  We do not need a budget for the euro area but a strong euro area budget line within the EU budget. I am also not fond of the idea of having a separate euro area parliament. The parliament of the euro area is the European Parliament,  he said. He said the euro zone bailout fund   the European Stability Mechanism (ESM)   should be transformed into a European Monetary Fund and become an EU institution, rather than an intergovernmental one as the ESM is now. The future European finance minister would be in change of the new European Monetary Fund (EMF) as well, he said. He did not give more details of the new tasks the EMF could take on, saying only the Commission would make a proposal on that, as well as the prerogatives of a European finance minister, in December. Euro zone finance ministers will open a debate on the future of the single currency area on Friday at an informal meeting in the Estonian capital of Tallinn. worldnews
quicker wants eu finance minister separate euro budget parliamentstrasbourg france reuters the european union minister economy finance separate euro zone budget parliament head european commission said wednesday quicker said minister also chairman euro zone finance ministers accountable european parliament the minister would charge economic financial issues euro zone eu countries quicker said state union speech european parliament creating finance minister eu rather euro zone attempt prevent divisions among countries remain eu britain leaves eu officials said the idea euro zone finance minister promoted french president emmanuel macron he offer detailed proposals reforms euro zone two days germany federal election french diplomatic source said wednesday germany chancellor angela merkel also said met macron last month could imagine creating combined european finance economy minister we need european minister economy finance european minister promotes supports structural reforms member states quicker said the new minister coordinate eu financial instruments deployed member state recession hit fundamental crisis he said instead creating new post job given vice president european commission suggestion bound meet element resistance euro zone governments especially berlin his comments part debate future shape euro zone quicker said expand take eu members yet part formal option opt using euro member states want join euro must able this i proposing create instrument offering technical even financial assistance quicker said without giving details he said time britain leaves eu march euro zone membership participation eu banking union entails single eu supervisor resolution authority deposit guarantee scheme norm eu members but even though zone countries eu except denmark legally obliged join euro meet set criteria biggest like sweden poland plans foreseeable future believing currency gives economies flexibility addressing french german ideas creating separate budget euro zone top existing eu budget separate euro zone parliament alongside existing eu parliament quicker rejected we need budget euro area strong euro area budget line within eu budget i also fond idea separate euro area parliament the parliament euro area european parliament said he said euro zone bailout fund european stability mechanism em transformed european monetary fund become eu institution rather intergovernmental one em the future european finance minister would change new european monetary fund em well said he give details new tasks em could take saying commission would make proposal well prerogative european finance minister december euro zone finance ministers open debate future single currency area friday informal meeting estonia capital calling worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Juncker wants EU finance minister, no separate euro budget or parliamentSTRASBOURG, France (Reuters) - The European Union should have a minister of economy and finance but no separate euro zone budget or parliament, the head of the European Commission said on Wednesday. Jean-Claude Juncker said such a minister should also be the chairman of all euro zone finance ministers and be accountable to the European Parliament. The minister would be in charge of economic and financial issues not only for the euro zone, but for all EU countries, Juncker said in a state of the union speech to the European Parliament. Creating a finance minister for the EU rather than for the euro zone is an attempt to prevent divisions among the 27 countries that will remain in the EU once Britain leaves in 2019, EU officials said. The idea of a euro zone finance minister has been promoted by French President Emmanuel Macron. He will offer more detailed proposals for reforms to the euro zone on Sept. 26, two days after Germany s federal election, a French diplomatic source said on Wednesday. Germany Chancellor Angela Merkel also said when she met Macron last month that she could imagine creating a combined European finance and economy minister.  We need a European minister of economy and finance: a European minister that promotes and supports structural reforms in our member states,  Juncker said.  The new minister should coordinate all EU financial instruments that can be deployed when a member state is in a recession or hit by a fundamental crisis.  He said that instead of creating a new post, the job should be given to a vice president of the European Commission   a suggestion that is bound to meet with vehement resistance from euro zone governments, especially Berlin. His comments are part of the debate on the future shape of the 19-country euro zone, which Juncker said should expand to take in all the other EU members that are not yet part of it and do not have a formal option to opt out of using the euro.  Member states that want to join the euro must be able to do so. This is why I am proposing to create a Euro-accession instrument, offering technical and even financial assistance,  Juncker said, without giving details. He said that by the time Britain leaves the EU in March 2019, euro zone membership and participation in the EU s banking union - which entails a single EU supervisor, resolution authority and deposit guarantee scheme - should be the norm for all EU members. But even though all non-euro zone countries of the EU except Denmark are legally obliged to join the euro when they meet a set of criteria, some of the biggest, like Sweden and Poland, have no plans to do so in the foreseeable future, believing their own currency gives their economies more flexibility.     Addressing French and German ideas of creating a separate budget for the euro zone, on top of the existing long-term EU budget, and a separate euro zone parliament, alongside the existing EU parliament, Juncker rejected both.  We do not need a budget for the euro area but a strong euro area budget line within the EU budget. I am also not fond of the idea of having a separate euro area parliament. The parliament of the euro area is the European Parliament,  he said. He said the euro zone bailout fund   the European Stability Mechanism (ESM)   should be transformed into a European Monetary Fund and become an EU institution, rather than an intergovernmental one as the ESM is now. The future European finance minister would be in change of the new European Monetary Fund (EMF) as well, he said. He did not give more details of the new tasks the EMF could take on, saying only the Commission would make a proposal on that, as well as the prerogatives of a European finance minister, in December. Euro zone finance ministers will open a debate on the future of the single currency area on Friday at an informal meeting in the Estonian capital of Tallinn. worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: quicker wants eu finance minister separate euro budget parliamentstrasbourg france reuters the european union minister economy finance separate euro zone budget parliament head european commission said wednesday quicker said minister also chairman euro zone finance ministers accountable european parliament the minister would charge economic financial issues euro zone eu countries quicker said state union speech european parliament creating finance minister eu rather euro zone attempt prevent divisions among countries remain eu britain leaves eu officials said the idea euro zone finance minister promoted french president emmanuel macron he offer detailed proposals reforms euro zone two days germany federal election french diplomatic source said wednesday germany chancellor angela merkel also said met macron last month could imagine creating combined european finance economy minister we need european minister economy finance european minister promotes supports structural reforms member states quicker said the new minister coordinate eu financial instruments deployed member state recession hit fundamental crisis he said instead creating new post job given vice president european commission suggestion bound meet element resistance euro zone governments especially berlin his comments part debate future shape euro zone quicker said expand take eu members yet part formal option opt using euro member states want join euro must able this i proposing create instrument offering technical even financial assistance quicker said without giving details he said time britain leaves eu march euro zone membership participation eu banking union entails single eu supervisor resolution authority deposit guarantee scheme norm eu members but even though zone countries eu except denmark legally obliged join euro meet set criteria biggest like sweden poland plans foreseeable future believing currency gives economies flexibility addressing french german ideas creating separate budget euro zone top existing eu budget separate euro zone parliament alongside existing eu parliament quicker rejected we need budget euro area strong euro area budget line within eu budget i also fond idea separate euro area parliament the parliament euro area european parliament said he said euro zone bailout fund european stability mechanism em transformed european monetary fund become eu institution rather intergovernmental one em the future european finance minister would change new european monetary fund em well said he give details new tasks em could take saying commission would make proposal well prerogative european finance minister december euro zone finance ministers open debate future single currency area friday informal meeting estonia capital calling worldnews