EU leaders have tasked council chief Herman Van Rompuy with drafting a plan on deepening the eurozone’s economic union, potentially via an inter-governmental treaty.
After more than five hours of talks on the need to strengthen growth policies while sticking to the already strengthened deficit rules, EU leaders on Wednesday night (23 May) agreed to come back to these issues at a formal summit on 28 June.
“Our discussion also demonstrated that we need to take the economic and monetary union to a new stage. There was a general consensus that we need to strengthen the economic union to make it commensurate with the monetary union,” Van Rompuy said during a press conference at the end of the meeting.
The former Belgian premier added he would work on a report for the June summit with the heads of the European Commission, the European Central Bank and the chairman of eurozone finance ministers.