Arab Today, arab today ecb and eu working on secret plan to save europe
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

ECB and EU working on secret plan to save Europe

Arab Today, arab today

Arab Today, arab today ECB and EU working on secret plan to save Europe

Brussels - ANSA

The European Central Bank (ECB) and the EU, according to the German weekly Welt Am Sonntag, are working on a secret plan for a \'\'new Europe\'\' to strengthen the euro and show the world that the European Union, after two years of crisis, is on the right track. The eurozone leaders have asked ECB chairman Mario Draghi and other European leaders to draft a \'masterplan\', which should be ready by the end of this month. Apart from Draghi, European Commission chairman José Manuel Barroso, Euro Group President Jean-Claude Juncker and the president of the European Council, Herman Van Rompuy, are working on the plan. Van Rompuy will present the plan\'s \'\'key elements\'\' at the EU summit by the end of June, aiming to make these elements part of the summit\'s final statement. By the end of the year, the EU State and government leaders should reach an agreement on a roadmap, a potentially \'\'revolutionary\'\' document according to the weekly. The project focuses on four main areas: joint structural reforms, integrated budget policies, banking union and political union. This could be a crucial month for the European Union, during which Italian Premier Mario Monti faces important deadlines, starting with a special cabinet meeting - perhaps on Wednesday - to launch a plan for growth. Growth also forms the heart of EU policies. It is no coincident, Welt Am Sonntag underlines, that the masterplan will not be presented as more austerity measures, but as a set of measures meant to boost economic development. Last Saturday it became evident that the European Commission will take another step towards a banking union on Wednesday, when it will approve a directive that should pave the way for the EU\'s bank-bailout mechanism. But this appears to be just one of the moves the EU members are considering to have a long-term answer to the crisis. Today the French finance minister will hold talks in Brussels with EU Economic and Monetary Affairs Commissioner Olli Rehn and Internal Market Commissioner Michel Barnier. The EC has not released any information about the meeting, but it may focus on the G20 meeting on June 18-19. Meanwhile, the crisis in Spain remains on the foreground, with Germany insisting on aid and Premier Mariano Rajoy continuing to say that Spain needs no help. On Thursday the Spanish State will hold an auction of 2-year, 4-year and 10-year bonds. Italian Premier Mario Monti is preparing for what could be the most difficult month for his government. Apart from the G20 meeting in Mexico, Monti will be in Brussels on June 28 for the presentation of the European Union masterplan to all member states, including German Chancellor Angela Merkel who keeps opposing the Eurobonds. Before the meeting in Brussels, Monti will hold a summit in Rome on June 22 with Merkel, French President Francois Hollande and Mariano Rajoy.(ANSAmed).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb and eu working on secret plan to save europe Arab Today, arab today ecb and eu working on secret plan to save europe

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb and eu working on secret plan to save europe Arab Today, arab today ecb and eu working on secret plan to save europe

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday