The idea of a finance minister is more recent and presumably is connected with the introduction of such functions at the central level of the euro area in order to have someone in charge and responsible for managing that additional capacity and the stabilization function in the monetary union. Does this mean that the member states give some powers to this minister?
Yes of course. But already the stability and growth pact implies with all its reforms over the years, implies a lot of coordination and rules that have to be complied by the countries.