European presidents publish road map to closer union

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The presidents of five EU institutions have set out an ambitious road map for "completing Europe's economic and monetary union" that would see member states steadily cede more power to central institutions, culminating in the creation of a eurozone treasury.

Mario Draghi, the European Central Bank (ECB) president, contributed to the report alongside four other presidents: Jean-Claude Juncker (European Commission), Donald Tusk (European Council), Jeroen Dijsselbloem (Eurogroup) and Martin Schulz

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