A Sneak Peek at Tomorrow’s Europe

European leaders have long insisted they will do everything to save the euro. Now, SOI reported in June 2012, a plan was forming that would dramatically change the architecture of the European Union. The European Commission would be granted a significant say in national budgets and debt would be communalised. But the hurdles such a plan might face would be high.

European leaders have asked top Eurocrats - European Commission President José Manul Barroso, European Council President Herman Van Rompuy, EuroGroup head Jean-Claude Juncker and European Central Bank head Mario Draghi - to come up with a plan. They hoped to share some initial proposals at the European summit scheduled for the end of June 2012. A concrete plan was to be ready by autumn 2012.

• Primary Source

European Council: Press Release, 24.5.12: Boosting growth in Europe http://www.european-council.europa.eu/home-page/highlights/boosting-growth-in-europe?lang=en

ESO: Background information: Germany: A lonely path / Merkel insists on two-speed Europe http://www.europeansources.info/record/germany-a-lonely-path-merkel-insists-on-two-speed-europe/

EurActiv, 11.6.12: Federalist warms up to Europe at two speeds http://www.euractiv.com/future-eu/federalist-warms-europe-speeds-news-513228

EurActiv, 15.6.12: Fiscal union talks resume amid Franco-German spat http://www.euractiv.com/euro-finance/fiscal-union-talks-resume-amid-f-news-513338

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