German finance minister endorses Merkel’s vision for European investment fund

AMSTERDAM (Reuters) – German Finance Minister Olaf Scholz on Monday said he endorsed German Chancellor Angela Merkel’s vision for a European fund for investments in weaker member states in the euro zone.

“This is one government”, Scholz said after a meeting with Dutch Finance Minister Wopke Hoekstra in The Hague. Scholz is a member of the Social Democrats, junior partner in Merkel’s coalition.

After the meeting, Hoekstra said he was “not sure” whether a European investment fund would be useful.

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