Mrs Merkel leads one of the world's most important economies
German Chancellor Angela Merkel has proposed the creation of a United Nations Economic Council modelled on the UN Security Council.
In a speech to the World Economic Forum in Davos, Switzerland, she called for the adoption of a post-crisis global economic charter.
The charter would be based on sustainable economics and the Economic Council would oversee markets.
It is an idea that Mrs Merkel has advocated previously.
"All of these issues... need to be enshrined in a charter for the global economic order," she said.
"This may even lead to a UN Economic Council, just as the Security Council was created after World War II."
The idea of creating a UN Economic Council was proposed by Mrs Merkel when she met French President Nicolas Sarkozy in Paris earlier this month.