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EU Commission endorses controversial joint debt

BRUSSELS:  The European Commission unveiled plans for a fundamental overhaul of how the euro zone is structured on Wednesday, including the prospect of setting up a common budget for the single currency area and issuing joint debt in the years ahead.

In a five-page document dubbed a “blueprint” for creating a “deep and genuine” economic and monetary union, Commission President Jose Manuel Barroso acknowledged that the 17 countries in the euro zone needed to be allowed to integrate more deeply and at a faster rate than the rest of the 27-country bloc.

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Cyprus has a key role in the stability and security of the Eastern Mediterranean: Antonio Tajani

BRUSSELS: European Parliament President, Antonio Tajani, will pay an official visit to Cyprus tomorrow,  8 December. …

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