MUNICH Re sustains fiscal union and a common budgetary policy in EU
MUNICH Re sustains the introduction of fiscal union and a common budgetary policy at EU level, as a solution to the current macroeconomic situation, caused by the sovereign debt crisis, that threatens to destabilize the entire continent.
Ireland has approved the European fiscal pact in a closely watched referendum, averting a possible setback for a key element of Chancellor Merkel's approach to fighting the euro crisis.