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Jose Manuel Barroso says he's offering the "broadest and most balanced vision" on EMU to date (Photo: consilium.europa.eu)

EU commission foresees two treaty changes to reach full integration

The EU commission Wednesday published its vision for a "genuine" economic and monetary union (EMU) under which national budgets could be vetoed and a central European budget would allow transfers for troubled countries.

The process would require two rounds of treaty change – one within the next five years and another more profound exercise in the longer-term.

The 52-page blueprints emphasises the need for the eurozone to be able to "integrate quicker and deeper" than the rest of ...

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Jose Manuel Barroso says he's offering the "broadest and most balanced vision" on EMU to date (Photo: consilium.europa.eu)

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