Bishop comments on EU Summit 18/19 October 2012

19 October 2012

This Summit continued the process of EU leaders FINALLY getting to grips with the problems that have emerged.

Following my visit to Berlin this week, I can now see the sequence of events dropping into place that could enable a durable EMU to emerge from the ashes of the first phase. But there is no quick fix! The final shape will only be operational after a major new Treaty is in force - and that may be agreed in 2015 and finally ratified hopefully by 2017. 

So this is a five-year haul - and it could come unravelled at any stage depending on the vagaries of elections and other external events.

To listen to the audio comments, please click on the link below.


© Graham Bishop