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The European Union and the euro area have done much over the past 18 months to improve
economic governance and adopt new measures in response to the sovereign debt crisis. However,market tensions in the euro area have increased, and we need to step up our efforts to address the current challenges. Today we agreed to move towards a stronger economic union. This implies action in two directions:
- a new fiscal compact and strengthened economic policy coordination;
- the development of our stabilisation tools to face short term challenges.
Originally posted by Laurauk
Always thought during all the elections, when thatcher was in power. Scotland rejected them while England embraced them.
Funny how things work out.