Bloomberg News

Europe Needs More Than EFSF, Steinmeier Writes in Handelsblatt

October 03, 2011

Oct. 3 (Bloomberg) -- Europe needs a 10-year road map to political union as the European Financial Stability Facility is “just one step toward stabilizing” the euro region, German opposition leader Frank-Walter Steinmeier wrote in Handelsblatt.

The union would include a “harmonized” tax policy, a common strategy for systemically important banks and unified rules for financial markets, Steinmeier said in an opinion piece to appear in tomorrow’s Handelsblatt, according to the daily’s website.

--Editors: Jeffrey Donovan, Jennifer Freedman

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net.


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