Euro: Autumn in Brussels

30 November 2012
Der Standard Vienna

Autumn in Brussels – Oliver

On November 28, the President of the European Commission José Manuel Barroso presented his "blueprint for a deep and genuine economic and monetary union" which details the steps necessary to perfect an economic and fiscal banking union for the eurozone.

Welcomed by many economists, the project provides for the creation of a eurozone "Minister of Finance" and "eurobonds" to pool the debt.