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European Commission president Jean-Claude Juncker. The report is likely to cause some national governments to worry about sovereignty issues (Photo: European People's Party)

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...

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European Commission president Jean-Claude Juncker. The report is likely to cause some national governments to worry about sovereignty issues (Photo: European People's Party)

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