Following the summit on the fate of the euro area on December 9, and this after a long series of summits in 2011, we should expect a large number of further summits in 2012. Indeed, the euro area faces severe challenges, with a break-up of the monetary union now being openly discussed.
Guntram Wolff, author of the policy brief "What kind of fiscal union?", comments on the idea of creating of a true eurozone finance ministry with tax-raising powers.
This article was published in Parliamentary Brief.
