It looks to be a very powerful statement of work in progress towards a 'genuine economic and political union'.
Van Rompuy Interim Report just issued ahead of Summit next week
It looks to be a very powerful statement of work in progress towards a `genuine economic and political union’. The building blocks for the economic governance have been assembled in recent years without financial markets paying much attention. But the key element for markets is the financial integration and HvR continues to call for a `safe and liquid financial asset for the euro area’. He highlights Treasury Bills and #BishopBills precisely meet all the stated requirements. More later for GrahamBishop.com clients.
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