EU Euro and Social Dialogue Commissioner Valdis Dombrovskis (L) and Luxembourgs Minister of Finance, Treasury and Budget, President of the Council give a press conference at the end of an informal economic and financial affairs council (ECOFIN) on September 12, 2015, at the European Council in Luxembourg. AFP PHOTO / THIERRY MONASSE
BRUSSELS: The European Commission aims to shore up the eurozone with a joint international voice for the currency zone, a fiscal advisory board and a network of national wage councils, commision vice-president Valdis Dombrovskis (pic) said.
Strengthening the 19-nation common currency has become a European priority after years of financial crisis forced five euro members to seek bailouts and threatened to force Greece out of the euro altogether. At the same time, countries have been reluctant to reopen debate over the European Union’s founding treaties or widen rifts between countries that use the euro and those, like the UK, that don’t.
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