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The Euro Area

16 December 2015 21:16 Juncker: The Euro Area Crisis Is not Over Yet

The subject of the euro area's future is back on the agenda of the leaders of the 28 EU member states. This time, however, more specific decisions are expected. The five presidents’ report will be thoroughly discussed on the second day of the December European Council &ndash ...

24 October 2015 10:05 EP and Commission in a Row over the Future of the Euro Area, Council Is Indifferent

The long awaited concrete legislative proposals of the European Commission for deepening of integration in the euro area following the model, set in the five presidents’ report in June of this year, turned out to be nothing more than intentions for the EU to be buried b ...

9 October 2015 08:51 The Five Presidents' Report Is Starting To Separate the Euro Area from the EU

Only a couple of months ago it looked highly unlikely not only that there will be any significant steps towards deeper integration within the euro area, but also that hardly anyone were going to look into another vision about its future that is the five presidents’ report, presented&n ...

13 August 2015 19:58 Eurozone Goes into a “What To Do with Myself?” Mode

While at a global level the giants USA and China have entered a new level of currency wars, the EU is looking at a second fall into self-reflection mode on what to do with itself in the setting of the second Greek crisis and the unsatisfactory outcome of the shared  debt crisis in ...

18 June 2015 12:44 The Fifth President

Just one week is left until the EU leaders’ summit this June when the second report of the four presidents is expected, although with much less anticipation. We are talking about the leaders of the Commission, ECB, European Council and the Eurogroup, who have been tasked by the leader ...

3 November 2015 11:17 Staying Outside the Euro Area Has a Price

During the debt crisis years in the euro area expansion of the currency club was not the fashion, although towards the end of the crisis two Baltic states joined it – Latvia and Lithuania. So far, there is no new expansion visible on the horizon, mainly because there are no taker ...

14 October 2015 20:39 Euro Area vs. the Rest

The future of the euro area is not a debate that is easy to push, but European Council President Donald Tusk is set on squeezing in the subject onto the agenda of the October EU summit, which will commence in the afternoon of October 15th. This was stated by a high-placed EU source. In the  ...

23 September 2015 15:57 The Deepening of Euro Area Integration - Let's Not Put the Cart Before the Horse

The political autumn has begun with a flying start in the EU with the first serious discussions on the future of the euro area, sketched in the five presidents’ report, presented for the first time at the June summit. Preliminary expectations were that the report will d ...

23 June 2015 13:12 The Major Eurozone Reform To Start after the UK Referendum

The new report of the five presidents – the bosses of the Eurogroup, ECB, Euro Summit, European Commission, and European Parliament – reheats some leftover dishes but has some new ideas too. The most important changes that would require opening up of the founding treaties are suggest ...

28 May 2015 21:17 There Will Be No Overhaul of the Euro Area. Just Refreshment

A large part of the June EU summit will be dedicated on possible repairs of the euro area with the presentation of the second report of the four presidents - the chiefs of the Commission, Eurogroup, European Council and ECB. Because of Britain, however, no decisions are expected that envisage in ...

 
free talk corner
Adelina Marini
#EMU A day after the informal meeting between German Chancellor Angela Merkel with French President Francois Hollande in Strasbourg, joined later by EP President Martin Schulz (S&D, Germany), the governors of the central banks of the two countries came up with a common appeal in the German daily Sueddeutsche Zeitung for a common eurozone finance ministry, Reuters reported. "The current asymmetry between national sovereignty and communal solidarity is posing a danger for the stability of our currency union", write Bundesbank chief Jens Weidmann and Banque de France President Francois Villeroy de Galhau. The idea of a euro area finance ministry is not new. A similar function is envisaged in the five presidents' report as well. However, it requires treaty change for which there is no appetite. How will the renegotiation with Britain unravel will be crucial for the path the euro area and the EU at large will take
8 February 2016 11:43
Adelina Marini
#Brexit The long-awaited invitation to UK PM David Cameron to address the European Parliament has finally been accepted. Cameron will address the EP on 16 February on the eve of the crucial EU summit on 18-19 February dedicated on the British question. The British PM will address only the leaders of political groups to present his views about the proposed deal and the chances of UK to stay in the EU
5 February 2016 11:21
Adelina Marini
#Brexit With the draft deal with the #UK, published by #EUCO President Donald #Tusk a while ago, a commitment is made the UK demands to be incorporated in the EU treaties at the next revision of the Treaties. You can read the entire package of answers to David Cameron's demands here euinsi.de/xBwX
2 February 2016 12:54
Adelina Marini #Brexit David #Cameron's demand the phrase "to ever closer union" to be removed from the EU Treaty is rejected in the draft deal. However, it is proposed to explicitly state in the Treaty (whenever changes are made) that the UK is not committed to further political integration in the EU
2 February 2016 15:27
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