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A road-map for the eurozone? (Photo: guysie)

Eurozone needs a 'shock absorption' fund

A eurozone-wide 'shock absorption' fund should be created to assist countries in economic difficulty, according to a paper that will take centre stage at next week's EU summit.

The paper "Towards a genuine economic and monetary union", put together by European Council President Herman Van Rompuy, maps out a road-map for the eurozone featuring a comprehensive rulebook on banking union and its own 'fiscal capacity'.

But it kicks the prospect of further revisions of the EU treaties...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

A road-map for the eurozone? (Photo: guysie)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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