Van Rompuy rolled out a 15 pager ‘road map’ for eurozone leaders yesterday in order to achieve a ‘genuine economic and monetary union’. The report draws a timeline culminating in a joint budget for the eurozone. It’s designed to be a discussion base for a meeting of EU leaders on Dec 13/14
The report’s designed to act a s a buffer for shocks that hit weaker countries and aims to avoid countries having to seek bailout funds. He wants to scrap proposals for common bank -deposit insurance in the zone, as well as joint government debts through mutual eurozone bonds
Full article here... WSJ
