Brussels, 6 December 2017
The Socialists and Democrats in the European Parliament are not satisfied by the reform of the Economic and Monetary Union (EMU) proposed today by the European Commission.
S&D Group leader Gianni Pittella stated: "The package has some positive elements, such as a new minister for the eurozone, as inspired by Commissioner Moscovici, and the transformation of the European Stability Mechanism into the EU framework. However, the package does not live up to our expectations of change, overall.