In an opinion published on Monday 8 October, the members of the European Court of Auditors (ECA) voice their hopes that the institution's formal role will be explicitly set out with regard to the creation of a potential European Monetary Fund (EMF).
This opinion directly echoes the European Commission's proposals of December last year concerning the deepening of Economic and Monetary Union (EMU) (see EUROPE 11920). The institution suggests converting the current European Stability...