Wednesday 21 February 2018

Luke Baker: EU facing summit packed with pitfalls

Herman Van Rompuy. Photo: Getty Images
Herman Van Rompuy. Photo: Getty Images

BANKING supervision, the single market, a centralised euro zone budget, a single bank resolution fund, direct recapitalisation of banks from rescue funds and much stricter fiscal oversight.

If there were any doubts about how complex a task the Europe Union faces to protect the euro and shore up its finances, the agenda for the EU summit on Oct. 18-19 should lay them to rest.

In an 8-page document setting out the issues for discussion, Herman Van Rompuy, the president of the European Council, touches on just about everything controversial facing the bloc.

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