Berlin Lays Groundwork for a Two-Speed Europe

Series Title
Series Details 5.9.11
Publication Date 05/09/2011
Content Type

Chancellor Angela Merkel has always rejected a two-track Europe. But with the euro crisis persisting, article reports that Germany was considering in September 2011 far-reaching new powers for the Euro Group - to the detriment of the European Commission. Could it work? Article suggested that the German Chancellor envisioned a tight alliance of the 17 eurozone members - one which would unify their fiscal, budgetary and social policies.

Source Link Link to Main Source http://www.spiegel.de/international/europe/0,1518,784348,00.html
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