|Author (Person)||Spiegel, Peter|
|Series Title||Financial Times|
The European Commission adopted a Blueprint for a deep and genuine Economic and Monetary Union on the 28 November 2011. the blueprint provides a vision for a strong and stable architecture in the financial, fiscal, economic and political domains.
Some of the required steps could be adopted within the limits of the current Treaties. Others would require modifications of the current Treaties and new competences for the Union.
The FT and other news sources reported that the eurozone should gradually acquire the powers of a national government with a single treasury and the right to tax or issue commonly backed bonds under the proposals to ensure the single currency’s longer-term survival.
|Subject Categories||Economic and Financial Affairs, Politics and International Relations|
|Countries / Regions||Europe|