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Another October EU Summit, Another Beginning

Ever since the beginning of the crisis (2008), the October EU summits have turned into the beginning of a new round of architectural changes which by the December European Council take a final form. This October will not be an exception. On October 18-19, in Brussels, the leaders of the 27 EU member states and Croatia (as an observer) will gather in Brussels to discuss the proposal of the European Commission for a banking supervision, also known as the banking union, and the proposals for a second series of reforms of the eurozone, the aim of which is creation of a fiscal union. It is in this part of the discussions that European Central Bank (ECB) President Mario Draghi will join the leaders. European Council President Herman Van Rompuy hopes there will be time to discuss the interim results of the implementation of the agreed at the June European Council Growth and Jobs Pact. According to the letter he sent to the leaders, there are several areas there is a risk of lagging begin.

Information in the German press, however, creates expectations for much bolder discussions on Thursday and Friday, because Chancellor Merkel is expected to propose new treaty changes, related to the remaining of Greece in the euro area and the payment of the next tranche under its rescue loan. All this will happen against the backdrop of the speculation that a separate, quite different than the usual, programmes is prepared for Spain. On all these issues you can read details in the course of the week in this special subject of the summit on October 18-19 and also in our Free Talk Corner, where we will cover live everything related to the Council.

13 November 2012 10:24 The Growth & Jobs Pact: A Lot of Talking, A Little Implementation

At the autumn EU summit, alongside the solution of the big issues related to the future of the euro area and the EU at large, a little unnoticed passed the participation of European Commission President Jose Manuel Barroso who presented to the EU leaders a report about the implementation of the ...

19 October 2012 13:30 And Let the Upgrade of the Eurozone Begin Now!

By the last for this year EU summit in December the technical details on the establishment of the Single Supervisory Mechanism (SSM), considered the basis for the future banking union, have to be ready and the Eurogroup (the eurozone finance ministers) have to define the criteria for the direct ...

 
free talk corner
Adelina Marini
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The European Commission is proposing new proposals for a reforms programme for the euro area and a eurozone budget. Stay tuned for live updates
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Adelina Marini Dombrovskis: Around half of all countries could possibly be benefiting of this stabilisation fund
31 May 2018 12:15
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