Cypriot Banking Crisis (2013)

EU mulls new finance minister among ways to shore up euro

The European Union's executive outlined Wednesday a series of measures it thinks could shore up the euro currency in the coming decade, ideas that were raised — and often rejected by Germany — during the eurozone's debt crisis.

In a wide-ranging discussion paper that forms part of a strategy to reinvigorate the EU following Britain's vote to leave the bloc, the European Commission said there is a "growing awareness" that further steps are needed to complete the euro's financial architecture.

The euro's shortcomings really came to the fore during the debt crisis that affected many of its members, notably Greece, from 2010 on. The eurozone's member states and its...