Although no major decision was made on Economic and Monetary Union (EMU) at the Eurozone Summit of Friday 15 December, the heads of state and government of the member states, with the exception of the United Kingdom, agreed on a plan of work with a view to consensus on certain reforms at a new summit on the subject, to be held in June 2018.
A number of points were discussed at this euro summit in extended format. However, as we announced on Wednesday 13 December (see EUROPE 11925), most of...