| Author (Person) | Chaffin, Joshua, Spiegel, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 24.9.10 |
| Publication Date | 24/09/2010 |
| Content Type | News |
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Preview of proposals on plans to reform economic governance in the European Union to be launched on 29 September 2010 by Olli Rehn, the European Commissioner for Economic and Monetary Affairs. Article says that the proposals are the EU’s most ambitious attempt to reorder its economic governance since the 2010 debt crisis in the eurozone nearly destroyed the single currency. The hurdles facing their implementation, however, remain high as some Member States are fiercely opposed to financial sanctions. Separately, Herman Van Rompuy, President of the European Council, the Institution representing the EU member governments, is heading his own task force examining economic governance. He was set to present his own proposals to EU Finance Ministers on 27 September 2010. In a letter to all 27 EU finance ministers before the meeting, Germany's Finance Minister Wolfgang Schäuble said he 'chiefly supports' the stringent proposals to be unveiled by the European Commission on 29 September 2010. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
