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

Posted on June 26, 2012 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.

Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, Politics in General, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “(BBC) EU unveils its vision for the future of monetary union”

Pageantmaster Ù† says:

June 27, 2012 at 1:06 am

[blockquote]fiscal union could lead to common debt being issued by eurozone countries[/blockquote]
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?