Economist and Vice-chairman for sovereigns and official institutions at Morgan Stanley
Macron is right - the Eurozone needs a finance minister. [...] it focuses on the essential: a collective action mechanism for managing and stabilising economies in crisis. It also does so without the need for EU Treaty changes
A European finance minister — as Juncker outlined it — is a misnomer that will create false expectations and confusion. […] It would be unwise to create totally new euro area institutions beyond the ESM that would only aggravate the division between countries inside the euro area and those outside.