The economic crisis has exposed the fault lines that threaten the functioning of the euro area. Without a closer coordination of fiscal policies of its members and common bank supervision, the existence of the monetary union is at risk, experts warn. The Parliament agrees. That is why MEPs are focusing on legislation that should propel the euro zone towards a true economic and monetary union.

Source : © European Union, 2012 – EP

This entry was posted on Wednesday, October 17th, 2012 at 2:30 pm and is filed under EU Parliament. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.