Press Release: Dijsselbloem: ‘No reason for euro cynicism, but no quick fix for indebtedness’

The European Parliament held a debate on 15 December 2015 regarding the governance of the Eurozone and the completion of the Economic and Monetary Union.

Eurogroup president Jeroen Dijsselbloem stated that there was 'no reason for cynicism about the euro', but also warned against too much optimism, because society's indebtedness was still holding back growth, forcing fiscal policies to be pursued.

European Commission president Jean-Claude Juncker reiterated that the European Parliament is the parliament of the euro. He said: 'The euro is a political project and we are a political Commission. This project requires democratic supervision and democratic accountability and Parliament should play a central role in this'.

The parliament was expected to vote on a resolution on 17 December in which it states its position on Eurozone governance plans tabled by the EC on 21 October.

ESO: Background information: Communication from the Commission to the European Parliament, the Council and the European Central Bank on steps towards completing Economic and Monetary Union http://www.europeansources.info/record/communication-from-the-commission-to-the-european-parliament-the-council-and-the-european-central-bank-on-steps-towards-completing-economic-and-monetary-union/

ESO: Background information: Communication from the Commission to the European Parliament, the Council and the European Central Bank. A roadmap for moving towards a more consistent external representation of the euro area in international fora http://www.europeansources.info/record/communication-from-the-commission-to-the-european-parliament-the-council-and-the-european-central-bank-a-roadmap-for-moving-towards-a-more-consistent-external-representation-of-the-euro-area-in-inte/

European Commission: DG Communication: RAPID: SPEECH/15/6328, 15.12.15: Speech by President Juncker at the European Parliament Plenary session on the Economic and Monetary Union http://europa.eu/rapid/press-release_SPEECH-15-6328_en.htm

---