The European Commission unveiled its vision of a rebooted eurozone on Wednesday, including the creation of a European version of the IMF, but stepped back from its more ambitious ideas amid misgivings from powerful Germany.
The ideas to be implemented by 2019 follow the heavily trailed state of the union speech by European Commission head Jean-Claude Juncker in September and are intended to inspire discussion at an EU summit on the future of the euro on December 15.
"After years of crisis, it's now time to take Europe's future into our own hands," Juncker said in a statement. "There is no better time to fix the roof than when the sun is shining."
The proposals by the commission, the EU's executive, were originally billed to be the European Union's answer to the shock of Brexit, but have been reduced in scope with member states split on the direction they should take.
GMT 15:07 2017 Thursday ,23 November
France, five others risk breaking deficit rules: EUGMT 10:17 2017 Monday ,06 November
Britain frozen out as EU finance chiefs plot futureGMT 11:23 2017 Wednesday ,01 November
Belgium charges two over 2015 Thalys train attackGMT 09:37 2017 Friday ,29 September
UK business, union leaders demand progress on EU post-Brexit rightsGMT 21:58 2017 Monday ,04 September
Euro area annual inflation up to 1.5% in AugustMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©