Germany to propose unelected ‘stability council’ for EU

Philipp Rösler, Germany's Economy Minister and FDP party leader, came up with a proposal on the 9 August 2011 for a European 'stability council' which would set 'stress tests' to measure the competitiveness of individual eurozone members, and impose automatic sanctions to force reforms upon them.

Feature also cover further developments on the eurozone debt crisis on the 9 August 2011.

• Primary Source

ESO: Background information: Merkel faces revolt over eurozone deal http://www.europeansources.info/record/merkel-faces-revolt-over-eurozone-deal/

EurActiv, 10.8.11: EU divided over when to meet, what to discuss http://www.euractiv.com/en/future-eu/eu-divided-meet-discuss-news-506950

ESO: Background information: ECB bond intervention set to spur debate http://www.europeansources.info/record/ecb-bond-intervention-set-to-spur-debate-ecb-and-g7-signal-readiness-to-intervene/

Financial Times Deutschland, 10.8.11: Another plan to prop up the euro (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/848891-another-plan-prop-euro

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