Brussels, 15/01/2015 (Agence Europe) - President of the European Council Donald Tusk said on Wednesday 14 January that improved coordination of the economic policies of the euro countries is the next step towards increased integration of economic and monetary union (EMU).
Speaking in Vilnius at an event marking the introduction of the euro in Lithuania, Tusk said that, next month, EU leaders would resume an unfinished discussion on how to improve governance of the EMU. Underlining the increasing interdependence of the economies of the eurozone, he recalled that the European Council in December had agreed that the next stage of strengthening the EMU was increased coordination of national economic policies. He added that, for the EU “to remain credible”, it had to put the whole financial crisis behind it. For that, he said, what is needed is more investment, structural reforms and sound public finances. “All are equally needed in Europe today”, he stated. (MB)