Brussels — The European Commission unveiled its plans to strengthen the eurozone, a set of reforms already raising eyebrows in EU capitals as governments look to identify common ground on how to boost the resilience of the currency bloc. Wednesday’s proposals come amid a broader discussion across the 19-country currency union on ways to ensure it can better withstand future financial shocks. The aim is to set out the commission’s vision for the euro, including beefing up the bloc’s bailout fund, creating a eurozone line within the EU budget and a dedicated finance minister. Next week, EU leaders will meet to work towards a road map with the aim of reaching an agreement in June. Helped by an economic momentum and a string of election defeats by eurosceptic populists, the EU and its currency bloc have been enjoying their strongest growth since the financial crisis. This has created a unique window of opportunity European officials want to use to pursue reforms and deepen the ties betw...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.