Euro area needs better coordinated political union: ECB’s Bini Smaghi
Lorenzo Bini Smaghi, a member of the European Central Bank's executive board, on Friday said the euro area's institutional framework was not compatible with its political union and urged members to take a more active stance in its dialogue.
At the Hellenic Foundation for European and Foreign Policy in Poros, Greece, Bini Smaghi said: "The fact is the people of the different member states have not fully understood that we already have a political union. Furthermore, the institutional framework
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