On Thursday 2 February, the chair of the national experts in the working group on the euro of the Council, Thomas Wieser, warned the members of the European Economic and Social Committee that the member states were not ready to take a further institutional step to deepen Economic and Monetary Union (EMU).
Calling, for instance, for the creation of a position of European finance minister responsible for enforcing the European budgetary rules and with powers to mobilise a dedicated budget...