Although the recent Franco-German roadmap on deepening Economic and Monetary Union (EMU) went down well overall with the 27 finance ministers (all the EU except the United Kingdom) on Thursday 21 June, the matters of a specific Eurozone budget and the stabilisation function will require further discussion (see EUROPE 12044).
This roadmap served as the backdrop to the Eurogroup discussions in enlarged format, which was held between two negotiating sessions on the details for the end to the...