Key is that Commission recommendation on policy and sanctions is automatically implemented unless overturned by a simple majority of the Member States. Ideally this should have required a stronger majority to overturn the Commission but this will do!
A major stumbling block to moving towards a political union of the eurozone has now been removed, so that is a good omen for a "grand bargain" at the October 18/19 Summit.
Graham Bishop, 16th September 2011
© Graham Bishop
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