Negotiating the details of the „Fiscal Compact“ Treaty: Much ado about nothing

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Commission President José Manuel Barroso has unveiled one of the initiatives to be adopted by EU leaders at their 1-2 March summit, the launch by June of 'bonds for growth' or 'project bonds' to boost investment in energy, transport and the digital economy.

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It's said Europe could learn from previous debt crises, but what if ministers know this and are simply putting banks before people?

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Please find the summary of discussions.

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Negotiating the details of the „Fiscal Compact“ Treaty: Much ado about nothing

Before S&P dropped the bomb on Friday that France and Austria were losing their Triple-A-rating, most of the crisis reporting last week had been concerned with the different drafts for the new “Fiscal Compact” Treaty to be signed at the euro summit at the end of January.