Jun 29, 2015

[Problem - Solution]: Eurozone countries must hand over more sovereignty to maintain stability of the Eurozone

It is inevitable that European countries will have to hand over more sovereignty to guarantee the stability of the eurozone,’ the Volkskrant quotes the ‘five presidents’ of Europe as saying in a new joint report. The euro crisis shows that voluntary agreements are not enough to prevent situations such as that involving Greece, say the five, who include Dutch finance minister Jeroen Dijsselbloem. Dijsselbloem is chairman of the influential Eurogroup and has a leading role in efforts to prevent Greece leaving the eurozone. The other signatories are Commission chairman Jean-Claude Juncker, EU president Donald Tusk, European central bank chief Mario Draghi and European parliament chairman Martin Schulz.

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