| Author (Person) | Pop, Valentina |
|---|---|
| Series Title | EUObserver |
| Series Details | 10.10.12 |
| Publication Date | 10/10/2012 |
| Content Type | News |
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Features discuss the idea being proposed amongst some EU Member States of having a eurozone budget on top of the existing EU budget. The idea was said to be proposed in the Presidency Conclusions of the European Council, 18-19 October 2012. On the 12 October 2012 the Presidents of the European Council, European Commission, European Parliament and European Central Bank issued a report 'Towards a genuine economic and monetary union. Interim report'. The FT and EUObserver reported that the paper suggested that the eurozone should consider introducing treasury bills, a special budget and a finance ministry in order to stabilise the future of the single currency. The seven-page document, meant to stimulate discussions among EU leaders at the European Council summit the following week, outlined the 'specific challenges by virtue of sharing a currency'. |
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| Source Link | Link to Main Source http://euobserver.com/economic/117806 |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
