Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Verhofstadt Criticizes EU’s ‘Lack of Urgency,’ Les Echos Reports

May 22 (Bloomberg) -- The European Union lacks a sufficient sense of urgency in tackling the underlying failings of economic and monetary union, as opposed to the immediate issue of Greece, according to Guy Verhofstadt, a member of the European Parliament and former Belgian prime minister, Les Echos reported.

The EU needs a common eurobond and can enforce budget discipline by allowing only states that respect debt limits to participate in a 2.3 billion-euro ($2.9 billion) amortization fund to mutualize sovereign debt over 60 percent of gross domestic product, the newspaper cited Verhofstadt as saying.

To contact the reporter on this story: Heather Smith in Paris at hsmith26@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.