britain frozen out as eu finance chiefs plot future
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Britain frozen out as EU finance chiefs plot future

Egypt Today, egypt today

Egypt Today, egypt today Britain frozen out as EU finance chiefs plot future

European Union finance ministers meet without Britain
Brussels - Egypt Today

European Union finance ministers meet without Britain in Brussels on Monday to try to iron out their differences on plans to reform the euro in the wake of the shock Brexit vote.
They will prepare for a leaders’ summit on December 15 to discuss proposals by French President Emmanuel Macron and European Commission chief Jean-Claude Juncker.
The 27 EU ministers will discuss three key issues that go to the heart of making the euro more politically and economically unified, so it is more resilient against future crises.
These are creating a unified eurozone budget that could be used to respond to a crisis; simplifying the EU’s budgetary discipline rules; and finally completing a “banking union” that removes restrictions between lenders across the bloc.
“We will listen to the ministers” but “they will not decide anything,” a senior EU official said, adding that they would merely “touch base” on the main issues.
The meeting will include the Eurogroup of 19 countries that use the single currency plus seven others that signed the 2012 European fiscal pact during the eurozone debt crisis.
The Czech Republic, which has not signed the treaty, and Croatia, which was not an EU member when the treaty was signed, will also both be invited as observers in a bid to build unity behind plans for a key part of the European dream.
But Britain will be left out in the cold, as it did not sign the pact, and is also set to leave the EU in 2019 before most of the planned reforms will take effect.

One of the most complex subjects will be simplifying rules for EU and particularly eurozone budgets, which governments have to keep under tight control to escape sanctions from Brussels.
“The documents on this subject take weeks to read,” one official said.
But if the Europeans agree on the need for reform, they are divided on how to achieve it with France traditionally taking a more easy-going line than austerity-loving Germany.
The question of the eurozone getting its own budget, an old idea recently dusted off again by Macron as part of his grand vision for post-Brexit Europe, is also complicated.
Paris wants a big budget as a show of European solidarity in the face of financial shocks, whereas Juncker wants to make it smaller-scale — a line favored by the Germans.
Banking union and a system of deposit guarantees to prevent bank runs will also be on the agenda, with the EU keen to finally finish plans that have been on the drawing board since the eurozone debt crisis started.
One further issue they are likely to discuss is the next head of the Eurogroup, to replace Jeroen Dijsselbloem of the Netherlands, who steps down in January.
There is no official candidate but rumored frontrunners include Portugal’s Mario Centeno, Slovakia’s Peter Kazimir, France’s Bruno Le Maire or Luxembourg’s Pierre Gramegna.
EU economics commissioner Pierre Moscovici’s name has also been mentioned although ministers appear more likely to go for one of their own.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britain frozen out as eu finance chiefs plot future britain frozen out as eu finance chiefs plot future



GMT 21:06 2017 Monday ,01 May

Will Smith at all-star Jazz Day in Cuba

GMT 06:25 2017 Monday ,27 November

Bali raises volcano alert to highest level

GMT 12:45 2018 Monday ,26 November

Israeli forces close entrance of village in Ramallah

GMT 12:14 2018 Monday ,08 October

HM King congratulates Ugandan President

GMT 13:49 2017 Thursday ,17 August

Alibaba posts 94% surge in quarterly profit

GMT 08:47 2017 Saturday ,10 June

CDD responds to 236 various incidents

GMT 00:31 2015 Saturday ,16 May

Canada plans 30% CO2 emissions cut by 2030

GMT 03:31 2017 Wednesday ,22 February

‘Man-made’ climate change a major woman’s problem

GMT 10:42 2017 Thursday ,16 November

Algeria FM leaves Cairo following tripartite meeting

GMT 11:08 2017 Tuesday ,03 October

Moscow, Riyadh willing to boost cooperation

GMT 08:40 2017 Thursday ,31 August

Bahrain Bourse daily trading performance

GMT 18:23 2017 Wednesday ,29 March

Ghazali's ALTARSHEED

GMT 08:22 2012 Wednesday ,04 July

Berenice Marlohe in racy shoot

GMT 15:47 2012 Friday ,20 January

2012 Honda Civic

GMT 10:37 2012 Friday ,13 July

2013 Ford Mustang

GMT 13:17 2011 Monday ,17 October

Hip hop stars to take centrestage at Yas Island

GMT 12:19 2017 Thursday ,27 July

Libya asks Italy to combat human trafficking

GMT 13:11 2017 Wednesday ,04 October

Jacques Dubochet (Switzerland), Joachim Frank (US)

GMT 12:26 2017 Thursday ,02 November

CAPRICORN (December22nd-January20th)

GMT 22:21 2017 Tuesday ,19 December

Haifa Wahby apologized for not receiving award

GMT 14:56 2017 Tuesday ,17 October

Palestinian cabinet decries Sinai terror attack
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday