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Having a separate eurozone budget borrow money is the latest idea on how to solve the euro-crisis (Photo: guysie)

Eurozone needs 'limited fiscal solidarity'

The eurozone should consider introducing treasury bills, a special budget and a finance ministry in order to stabilise the future of the single currency, says an ideas paper published by EU council president Herman Van Rompuy on Friday (12 October).

The seven-page document, meant to spur discussions among EU leaders at next week’s summit, outlines the “specific challenges by virtue of sharing a currency.”

It notes that while the EU has made prog...

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Having a separate eurozone budget borrow money is the latest idea on how to solve the euro-crisis (Photo: guysie)

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