Merz said a currency agreement with China is urgently needed, signaling a push for formal negotiations at the EU finance ministers level.
German Chancellor Merz has urged the Ecofin head to begin talks on a currency agreement with China, saying such a deal is urgently needed. The move points to a potential effort to elevate the issue to Ecofin (EU finance ministers' council), where exchange-rate and broader financial coordination can carry implications for trade and cross-border investment.