Elmar Brok welcomes European Commission’s proposal on a European Monetary Union

“The European Commission proposed today a wise and realistic proposal on an EU Economy and Monetary Union”, concludes European Parliament’s Rapporteur Elmar BROK (CDU/EPP) today in Brussels.

The European Commission’s proposal ensures a reliable and sustainable development of the Euro. The unity of the EU27 remains assured and the governance of the Euro becomes improved.

Furthermore, the Euro will strengthen its international position by increasing the EU Budget and by integrating the ESM into the European Monetary Fund.