Barroso sides with Merkel over need for treaty change

European Commission president Jose Manuel Barroso has said the setting up of a European IMF-style fund to help struggling eurozone countries would most likely require a EU treaty change, echoing comments made by German Chancellor Angela Merkel.

The statement, made in response to a question from a member of the European Parliament in Strasbourg on Tuesday (9 March), is a further stumbling block to the quick establishment of a European fund capable of making loans to struggling euro area ...