The essential point of the last EU summit: Fiscal Union – Banking Union – Political Union
Posted by seumasach on June 4, 2012
1st June, 2012
Much can be said about Wednesday’s, May 23, EU summit. Reporters will be busy in analyzing the diverging views between the French President Mr Hollande and the German Chancellor Mrs Merkel over the issue of eurobonds. Economists will be divided over the additional capital that needs to be given to the European Investment Bank and the actual leverage it can afford, to carry out massive investment projects across the area’s most hardly-hit regions.