EMU: DIDIER REYNDERS HOPES TO IMPROVE EUROGROUP'S STATUS.

Mr Reynders claimed the Eurogroup had shown its ability to adopt joint strategies when the international situation so required. The system for keeping track of how the Euro-zone countries were applying budget policy and the preparations for the advent of Euro notes and coins have turned out to be quite successful. However, faced with the centralisation of the ECB, which is in charge of managing monetary policy for the entire zone, the Belgian Minister would like to push even further ahead. His idea is to consider the...