Jean-Claude Juncker lays out two-year plan for reforms across the Eurozone

 
Lauren Fedor
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Among the top priorities are strengthening budget discipline in each of the member states (Source: Getty)
European Commission president Jean-Claude Juncker has set out a decade-long timeline for Eurozone reforms.

In a report commissioned by European Union leaders, which involved input from the presidents of the European Central Bank, European Parliament, European Council and Eurogroup, the Commission calls for the completion of the euro area’s economic and monetary union, with “immediate steps” to be taken over the course of the next two years and later projects to be completed by 2025 “at the latest.”

Among the top priorities are strengthening budget discipline in each of the member states, and improving employment across the region. The report also calls for “stronger coordination of economic policies,” an agreement on a Eurozone-wide deposit insurance scheme and the establishment of a capital markets union to integrate banks across the member states.

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