[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.