Sentences with phrase «fiscal integration»

It would also require a clear plan to establish a banking union (including a bank supervisor) and greater fiscal integration.

British prime minister David Cameron outlines why he vetoed proposals for greater fiscal integration in Europe in the early hours of Friday morning:

Negotiations ended when Britain attempted to veto fiscal integration measures, but saw all the other EU member states press ahead with the reforms without it.

However, while European leaders are advancing the political and fiscal integration of Europe, the example of Germany teaches several lessons they should pay attention to.

While positive for markets, this can be seen as a negative to those who thought a SYRIZA victory might force EU leaders» hands on more fiscal integration and a new crisis approach.

Both French president Mr Sarkozy and German chancellor Angela Merkel have indicated their enthusiasm for greater fiscal integration within the eurozone ahead of next week's Brussels summit.

He wrote that the voting system for single - market rules was unchanged by Britain's veto on fiscal integration plans - and that current proposals including restrictive solvency rules for institutional investors threatened the UK economy.

The problem is one of fiscal disarray — therefore the EU should target its efforts at fiscal integration and perhaps once that problem is solved think about a way to move forward in other areas.

Merkel adopts Macron's call for eurozone finance minister German chancellor Angela Merkel has joined French president Emmanuel Macron in calling for the creation of a eurozone finance minister in order to increase fiscal integration in the single - currency area.

Top of Mr Cameron's «bad idea» list is the financial transactions tax which led him to veto the EU's fiscal integration proposals last December.

But Mr Cameron received praise from Tory eurosceptics in the Commons chamber for his refusal to sign up to a European fiscal integration pact, which every other EU country except Britain is now expected to sign.

European Commission president Jose Manuel Barroso regrets Britain's decision to reject proposals to boost fiscal integration at the eurozone crisis summit in Brussels:

But David Cameron's veto of a bid to push through fiscal integration across the European Union has prompted fresh tensions of its own, as Britain's relationship with the continent is fundamentally reassessed.

Today Hague reassured MPs in his statement that Britain will not join eurozone countries in closer fiscal integration but keep its flexible membership instead.

The prime minister has enjoyed unusual acclaim from his party's eurosceptic backbenchers after refusing to commit Britain to fiscal integration measures now being pursued by all other EU member states.

The break - up of the euro would be economically disastrous, including for Britain, so we should accept the need for greater fiscal integration in the Eurozone, while ensuring we are not part of it and our own national interests are protected.

Ukip leader Nigel Farage gives his response to David Cameron's use of the veto against European proposals for more fiscal integration:

George Osborne voiced his support for greater fiscal integration in the eurozone to MPs this afternoon - after thanking God that Britain is not a part of it.

Some experts have argued that in order for the EURO to survive there will have to be greater political and fiscal integration within the EURO.

David Cameron's refusal to back the EU's fiscal integration plans have sent his party into the lead in two opinion polls.

The fact is that over the past decade, the EURO countries have not been willing to take policy actions to ensure the stability of the EURO, because they involved issues related to sovereignty and fiscal integration: two areas where there were opposing entrenched views.

I have said many times before that the Eurozone countries need to accept the remorseless logic of monetary union that leads from a single currency to greater fiscal integration.

Concerns about the growing influence of Europe were reinforced this week as the 17 eurozone countries appeared to favour closer fiscal integration - an approach advocated by chancellor George Osborne as the only logical way of maintaining the euro.

A potential deal among the eurozone's 17 countries to bring about closer fiscal integration would not qualify.

I have argued for a year now that the eurozone need to follow the «remorseless logic» of monetary union» towards much greater fiscal integration.

And it will progressively push countries in the core to commit to the fiscal integration that the Eurozone requires.

MEPs from across the continent were critical of Britain's decision to exclude itself from the fiscal integration measures, after European Commission president Jose Manuel Barroso said Mr Cameron's negotiating position made compromise «impossible».

In summary, optimum currency area theory suggested two big things to look at — labor mobility and fiscal integration.

And on both counts it was obvious that Europe fell far short of the U.S. example, with limited labor mobility and virtually no fiscal integration.

Certainly the attitude of the UK government has not helped; on one hand urging the eurozone to accept the «remorseless logic» of greater economic and fiscal integration, including Germany taking on liabilities for weaker eurozone states via debt pooling, while on the other refusing to take part in such measures itself and zealously looking after its own self interest.

Chancellor George Osborne has repeatedly called for greater fiscal integration in the eurozone, but the move poses a political headache for Mr Cameron.