| Author (Person) | Rocha, Frederico |
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| Publisher | Cardiff EDC |
| Publication Date | 04/06/2018 |
| Content Type | News |
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Summary: Ahead of what was seen as an important European Council summit in June 2018, European leaders started clarifying their positions on reforming the Eurozone and completing the Economic and Monetary Union (EMU). The debate was further intensified by statements from Germany's Chancellor. Further information: France's call for ambitious reform in the European Union was only partially embraced by German leadership, which proposed a smaller budget to support convergence and struggling Eurozone member states. Germany also showed its support to the creation of a European Monetary Fund (EMF) with powers to give members hit by sovereign debt troubles short-term credit lines. The French President launched his vision for a reformed European Union in September 2017. A package of proposals towards the completion of the Economic and Monetary Union was also put forward by the European Commission in late 2017. + Convergence in EMU: What and How? [EPRS] |
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| Subject Categories | Economic and Financial Affairs, Politics and International Relations |
| Countries / Regions | Europe |
