(BBC) EU unveils its vision for the future of monetary union

Posted by Kendall Harmon

European authorities have unveiled their vision for the future of monetary union.

It includes the creation of a European treasury, which would have powers over national budgets.

The document, released ahead of Thursday's EU summit, says such fiscal union could lead to common debt being issued by eurozone countries.

Read it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsCurrency MarketsEuroEuropean Central BankThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--Foreign RelationsPolitics in General* International News & CommentaryEurope--European Sovereign Debt Crisis of 2010

Posted June 26, 2012 at 7:14 am [Printer Friendly] [Print w/ comments]

1. Pageantmaster ن wrote:

fiscal union could lead to common debt being issued by eurozone countries

It’s about the only thing they have to issue.

Germany was downgraded from AA-minus to A-plus today in other cheerful news.  So, who is going to bail them all out now?

June 26, 5:06 pm | [comment link]
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