The report, drawn up by the President of the European Council, Herman Van Rompuy, the head of the eurogroup of euro zone finance ministers Jean-Claude Juncker, the President of the European Commission Jose-Manuel Barroso, and the President of the ECB Mario Draghi.
The document is being presented as a way of reassuring financial markets that there is the political will to stand behind the single currency.
But many of the changes are far-reaching and will be politically controversial.
Ms Creighton conceded that the changes being canvassed will require fresh treaty change, but she said the document ensures that the idea of eurobonds - mutualising euro zone debt - is now enshrined as part of the debate.
Read more: EU paper outlines closer union ahead of summit - RTÉ News
No comments:
Post a Comment