On Wednesday 24 July, the European Commission proposed a regulation to provide a legal framework for certain issues concerning the future fiscal capacity of the euro area.
“It is important to act now. We want to ensure that the European Parliament and the EU Council have all the necessary elements for their work, with the aim of finishing in time for the next Multiannual Financial Framework (MFF)”, said Valdis Dombrovskis, Commissioner for the Euro and Social Dialogue.
This proposal...