The new President has claimed a renegotiation of the Fiscal Compact to mitigate its deflationary impact and to include measures aimed at growth. The reaction of Angela Merkel has been a prompt and peremptory rejection.
The European Economic and Social Committee says: Union Bonds for stabilising deb and Eurobonds for recovery and growthcould also be promoted on an enhanced cooperation basis. Here are some extracts.
Le Comité économique et social européen propose les Union Bonds destinés à stabiliser la dette et les Eurobonds destinés à stimuler la reprise et la croissance.
