Cyprus Mail

EU’s Moscovici calls for accelerated integration to prevent more exits

EU Commissioner Pierre Moscovici

The euro zone should accelerate its economic and political integration otherwise other countries may be tempted to follow Britain’s example and leave the EU, Economic Affairs Commissioner Pierre Moscovici said on Sunday.

“We shouldn’t just put up with Brexit, we should forge ahead, it can be a good opportunity,” Moscovici said, adding that the euro zone needed to complete its banking union by adding a deposit guarantee and financial backstops.

“If the status quo is our only response, it won’t be the only exit from the EU,” he added

Related Posts

‘It’s dead out here’: China’s slow exit from zero-Covid

Reuters News Service

UK sanctions Russian and Iranian officials, citing human rights abuses

Reuters News Service

Putin says West’s desire for global dominance increases conflict risks

Reuters News Service

Power outage plunges parts of Paris into darkness; technical glitch blamed

Reuters News Service

Russia shells eastern front, Ukraine says, as war aims appear to shift

Reuters News Service

Fire rages through shopping mall in Moscow suburbs

Reuters News Service


Comments are closed.