Van Rompuy fleshes out plans for two-tier Europe, eurozone budget

European Council President Herman Van Rompuy in collaboration with the Presidents of the Eurogroup, European Commission and European Central Bank, tabled proposals on the 6 December 2012 to deepen the Economic and Monetary Union, fleshing out plans for a two-tier Europe with the eurozone at its core.

The proposals would be discussed at the European Council summit on the 13-14 December 2012.

Council of the European Union: Towards a genuine Economic and Monetary Union, December 2012 http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/134069.pdf

ESO: Background information: Draft EU summit text backs eurozone-only budget http://www.europeansources.info/record/draft-eu-summit-text-backs-eurozone-only-budget/

EUObserver, 07.12.12: National parliaments 'not best' for EU's interests http://euobserver.com/political/118438

EUObserver, 07.12.12: Eurozone needs a 'shock absorption' fund http://euobserver.com/news/118443

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