Brussels to embark on radical plans to create joint EMU treasury and euro parliament

‘The survival of economic and monetary union will require the creation of new supra-national institutions, including a joint eurozone treasury and a separate euro parliament, according to the single currency’s bail-out chief.

Klaus Regling, head of the European Stability Mechanism (ESM), joined a clamour of voices in Brussels who are pushing for member states to cede sovereignty in bid to establish a full-blown fiscal union on the Continent.

The first step will be the creation of a eurozone finance ministry, backed by a separate chamber for the currency’s 19 member states in the European parliament, said Mr Regling, who oversees the euro’s €500bn rescue fund.’

Read more: Brussels to embark on radical plans to create joint EMU treasury and euro parliament

The post Brussels to embark on radical plans to create joint EMU treasury and euro parliament appeared first on David Icke.