Fin Mins Schaeuble and Moscovici have been kissing and making up after recent squabbling.
They’ve agreed to form a joint policy making body to create a more integrated economic and fiscal policy within the Eurozone and to form a new banking supervisory board.
The new policy making body will be designed to help the failing southern european states such as Greece, Italy and Spain and will help to create longer-term strategies, which the Germans hope will eventually lead to full scale political union within the eurozone
More.. (UK Guardian)
