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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
During a hearing at the economic committee of EP #Eurogroup chairman Jeroen Dijsselbloem paid tribute to #Greece for the impressive implementation of the 3rd bailout programme
7 December 2017 09:19
Adelina Marini #Eurogroup Dijsselbloem: I remember when #Germany as the sick man of Europe but they did significant reforms. I'd tell the Germans that this impact won't last forever
7 December 2017 11:02
Adelina Marini
#EMU The @EU_Commission will present today the long-awaited plans on the deepening of integration in the euro area. Stay tuned for live updates!
6 December 2017 11:40
Adelina Marini #EMU Moscovici: The proposal which non-euro area countries will not be able to refuse is not of the type as in the movie "The Godfather"
6 December 2017 13:56
Adelina Marini
#ECOFIN EU finance ministers have adopted today a package for taxation of the digital economy
5 December 2017 14:41
Adelina Marini #ECOFIN Dombrovskis: The Council has also approved a revised recommendation to #Romania demanding additional corrections of the budget deficit. The Council is concerned about Romania's fiscal sustainability
5 December 2017 14:42
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