Downing Street Says » European Council

» Tuesday, June 26, 2012

European Council

Asked if President Van Rompuy and President Barroso’s proposals for Europe would need approval from the UK, the PMS said that we were still looking at the details of the proposals that had been circulated. The paper was essentially about the governance of the Eurozone and there would no doubt be other thoughts from Eurozone countries in particular and that there would be a first discussion on the subject at the end of this week.

Asked if the UK Government agreed with the German finance minister Wolfgang Schauble when he said that those who wanted a strong Europe would have to surrender power to Brussels, the PMS said that the logic of a monetary union was closer fiscal union, which implied some pooling sovereignty by the Eurozone countries.

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