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Monday, June 22, 2015

EU proposes more euro zone integration as Greece totters

By Alastair Macdonald BRUSSELS (Reuters) - As Greece threatens new shocks for the euro zone, EU chief executive Jean-Claude Juncker laid out a vision on Monday for tighter joint control over the currency zone's economies, including, one day, a potential common euro zone treasury. In a report issued in cooperation with the European Central Bank and other EU bodies, the European Commission president proposed more help for states in distress, combined with tougher discipline for countries that miss fiscal targets. It recommended "quick fix" steps that could be introduced in the next two years, such as setting up a common bank deposit insurance system and promoting competitiveness, as well as longer term ideas, such as a common euro zone treasury.


READ THE ORIGINAL POST AT uk.news.yahoo.com