Meeting in an enlarged format, on Friday 11 December, the Euro Summit recommended that the momentum generated by the successful reform of the European Stability Mechanism (ESM) should be used to advance the work being done on the banking union. It asked the Eurogroup to prepare a specific work programme by June 2021.
In their declaration, the EU27 invited the European Finance Ministers to “prepare, on a consensual basis, a stepwise and time-bound work plan on all outstanding elements...