Faced with a series of unprecedented difficulties, the EU has little choice but to move forward swiftly to the next stage of integration. The way to do that is through treaty change, argues Anfrew Duff in his latest pamphlet 'The Frankfurt Protocol'.
Eurozone countries should share more economic risks, beyond what is implied by their banking union, to make the monetary union work better, the European Commission said in a quarterly report on the single currency area.
German chancellor Angela Merkel reluctantly accepted on Friday (18 December) giving a green light to start discussions on the European deposit insurance scheme, the remaining part of the banking union.
The European Commission presented a “realistic” proposal on Wednesday (21 October) to create a single seat for the eurozone in the International Monetary Fund - a controversial idea that has been put aside for many years.
The piecemeal approach orchestrated by Jean-Claude Juncker and Mario Draghi to address the root causes of the euro zone debt crisis and complete the Economic and Monetary Union (EMU) has not yielded any positive results so far, EurActiv.com has learned.
European Union leaders have postponed a deeper discussion of the future of the eurozone until December because of divergent views in the biggest countries and because of the more pressing migration issue, diplomats said.
The European Commision has started laying the groundwork for the next stage of eurozone integration, claiming there is “political appetite” in European capitals to start discussing reforms, followng the French and German elections in 2017.
As the European Parliament adopts its first joint resolution on the Commission work programme to be presented in October, Portuguese MEP Maria João Rodrigues said Juncker must take leadership and restore political dynamism in the EU.
The resounding "No" uttered by the Greeks on Sunday offers yet more proof of their rejection of the vicious cycle of austerity. Angela Merkel now finds herself trapped between the will of the Greek people and the inflexibility of her finance minister. La Tribune reports .
The idea of a reinsurance mechanism for savings accounts is among the few concrete proposals in the Five Presidents' report. By helping to avoid bank runs, it would offer the beginnings of a solution to the Greek crisis. EurActiv France reports .
France and Italy will do whatever it takes to support Greece. But the patience of other eurozone countries is wearing thin, even if the political and financial cost of Grexit would be far greater than another postponement the country's debt repayments. EurActiv France reports .
The urgency of the Greek crisis and the sensitivity of the UK to issues of eurozone integration have complicated the last-minute negotiations over the “five presidents’ report” on eurozone governance. Initially promised for earlier this month, the report will now be presented in late June. EurActiv France reports .
We are at a defining point in the development of the European Union. A stronger EU architecture can only be created through more solidarity and innovation, and more efficient social investment. This is what has to be encouraged and also supported, writes László Andor.