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Greece's current crisis has increased talk on the need for greater euro area economic co-operation (Photo: European Commission)

European Monetary Fund proposal to be ready by June

The European Commission has re-affirmed its willingness to come forward with a proposal for a European Monetary Fund, opening a Pandora's Box of questions regarding its potential design.

"The commission is ready to propose such a European instrument for assistance, which would require the support of all euro area member states," the commission's economy spokesman, Amadeu Altafaj Tardio, said during a regular news conference on Monday (8 March) in Brussels.

The college of 27 comm...

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Greece's current crisis has increased talk on the need for greater euro area economic co-operation (Photo: European Commission)

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