Author (Person) | Peel, Quentin |
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Series Title | Financial Times |
Series Details | 20.6.12 |
Publication Date | 20/06/2012 |
Content Type | News |
Report of the 'interim report' of a group of ten EU Foreign Ministers (Germany + France, Italy, Spain, Poland, the Netherlands, Austria, Belgium, Portugal and Luxembourg), June 2012 intended to stimulate debate on radical new steps towards political union to be launched by EU leaders at the European Council summit later in June 2012. It was also hoped that the report would galvanise thinking in other member states about steps towards 'political union' as an essential underpinning of economic and monetary union. The ministers backed a 'three pillar' approach to resolving the eurozone crisis, combining budget consolidation, boosting economic growth and competitiveness, and solidarity, a significant rebalancing of the traditional German emphasis on budget discipline as a precondition for the other two. |
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Subject Categories | Politics and International Relations |
Countries / Regions | Europe, Germany |