Entries Tagged as 'EU Treaties'

Shrinking the Zone to Save the Euro

November 16th, 2011 at 8:34 am 10 Comments

The Merkel-Sarkozy strategy for changing which countries are able to use the euro is taking shape. Their next efforts will likely include an attempt to change the treaties that govern how to exit the euro and how the countries more deeply integrate.

Additional treaty powers to decide who can be in the euro will be sought at the Brussels summit on December 9. But comprehensive treaty changes allowing deeper integration of the eurozone are unnecessary, the authority to do so already exists.

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