Eurozone should have own treasury by 2025

Eurozone states should cede more powers to EU institutions, including to a euro area treasury to be set-up in the next 10 years, according to a new report on further integration in the single currency area published on Monday (22 June).

"The world’s second largest economy cannot be managed through rule-based cooperation alone," says the report, drawn up by the heads of the European Commission, the EU Counc...