The European Union needs to create the post of an elected president to foster greater political unity, German Finance Minister Wolfgang Schaeuble said today as the bloc faces deep economic and political problems.Mr Schaeuble has proposed a mechanism for using the European parliament elections to choose the president of the European Commission.
"Europe must have a face," Mr Schaeuble said in the western German city of Aachen as he accepted this year's Charlemagne Prize, one of Europe's most prestigious awards given for promoting European causes.
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