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Europe Daily Bulletin No. 12160

Contents Publication in full By article 1 / 30
EUROPEAN COUNCIL
EMU: Euro area summit gives mandate to Eurogroup for budgetary capacity without stabilisation function

On Friday, 14 December, at the euro area summit, the Heads of State or Government of the Twenty-Seven instructed the Finance Ministers to work, by June 2019, on drawing up a proposal for budgetary capacity for the euro area limited to instruments to support convergence and competitiveness. 

 “I am quite happy [...]although I would have liked a spontaneous creation of a 'yes' to the stabilisation function” for the euro area budget, Jean-Claude Juncker, President of the European...

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EUROPEAN COUNCIL
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