Opinion
Reforming the EU Budget: In Case the Greek Debt Re-Emerges or Worse
Money “in reserve” – this is what the European Commission needs. Interestingly, the Commission qualifies both the fall in prices of dairy products and the Russian ban on imports of certain agricultural products as cases that require emergency measures. But the crucial thing is the strengthening of the economic and monetary union to protect it from the so-called asymmetric shocks.