Current Size: 68%
The eurozone’s fiscal position is better than the US and UK, and the crisis-hit members of the currency union are doing more to strengthen their public finances than either of these countries.
At the end of last year, Europe lost Tommaso Padoa-Schioppa, an eminent central banker and economist, and one of the founding fathers of the euro.
Germany's EU policy is shifting. It will seek a 'grand bargain' with France but be tougher on the Commission. Treaty change is moving off the agenda.