With two years of its mandate left to run, the European Commission headed up by Jean-Claude Juncker on Wednesday 6 December tabled a series of proposals aiming to make Economic and Monetary Union (EMU) an area more adept to respond to future financial and budgetary crises, open to all those wishing to join it and based on an accountable decision-making mechanism.
“It is this Commission’s most significant proposal”, said the Commissioner for the euro, Valdis Dombrovskis, who steered the...