Monetary union with Israel not to be ruled out, says Verheugen

The European Commissioner for industry has spoken out in favour of stronger ties between the EU and Israel.

Writing in the German monthly journal, Internationale Politik, Guenter Veheugen said that he could "imagine Israel being widely integrated into the European economic structures" and "being a full participant in the internal market".

He also wrote that, in the long-term, he would "not even rule out monetary union" with Israel.

This is not the first time Mr Verheugen, w...