Report on the future of the euro zone

12^th March 2012

On 6th March French Senator Jean Arthuis delivered a report to the French Prime Minister François Fillon on the future of the euro zone; this paper aims to "enhance euro zone governance and to guarantee its long term stability". He suggests the developmpent of "governance that is specific to the euro zone" with the creation of a European Treasury and the merger of the posts of President of the European Council (also president of the euro zone summits) with the post of President of the European Commission. He pleads in support of making the Eurogroup official (euro zone ministers) by providing it with the power of decision. He also suggests turning the European statistics office (Eurostat) into an "independent agency", to "harmonise the presentation of the national budgets". He would also like to create a "parliamentary euro zone supervisory committee comprising national MPs and MEPs."

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