EU officials have drawn up a far-reaching plan that would eventually turn the eurozone into an outright fiscal union, but acceptance by EU leaders - whose powers it reduces - will require a major leap of political faith.
The seven-page document suggest that ultimately the 17-nation single currency area will need a treasury office and a central budget.
Among the short-term changes required is the de facto handing over of budget power and economic policies to the EU level.
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