In an opinion adopted on Wednesday 17 July on the deepening of the Economic and Monetary Union (EMU), the European Economic and Social Committee (EESC) called for the creation of a stabilisation function as part of the future budgetary capacity for the euro area.
This opinion echoes the discussions currently under way in the Eurogroup on the different aspects of the deepening of EMU (see EUROPE B12290A14).
While it has now been noted that budgetary capacity for the euro area will be...