Pierre Moscovici, the Commissioner responsible for Economic and Financial Affairs, and Valdis Dombrovskis, his counterpart for the euro and Social Dialogue, defended the idea of converting the European Stability Mechanism (ESM) into a European Monetary Fund (EMF) based on EU law, rather than the inter-governmental method, addressing the MEPs of the economic and financial affairs committee (ECON) of the European Parliament on Tuesday 27 March.
The Commissioners' address was based on the...