Crisis provides opportunity for ‘fiscal union’

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Series Details 31.10.11
Publication Date 31/10/2011
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Report of a FT interview with Wolfgang Schäuble, Finance Minister of Germany, October 2011.

He suggested he believed that the pressure of the financial markets will force the most debt-laden members of the 17-nation eurozone currency union to curb their budget deficits and increase their competitiveness. It would also drive them to take the next big steps towards a 'fiscal union' to underpin their monetary union.

Related Links
Spiegal Online International, 31.10.11: 'Germany Does Not Want to Rule Europe' http://www.spiegel.de/international/europe/0,1518,794970,00.html
EUObserver, 17.11.11: Emergency narrow treaty change now, political union later http://euobserver.com/18/114314
ESO: Background information: Pressure grows for ‘more Europe’ http://www.europeansources.info/record/pressure-grows-for-more-europe/

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