Yves Mersch says EU treaty change could entrench monetary and banking union

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EU treaty change could help to strengthen the eurozone in the long-term by allowing the reach of monetary and banking union to be extended further, according to Yves Mersch, a member of the European Central Bank's executive board.

Mersch told an audience in Luxembourg that changing the EU treaties could "enlarge [the] horizon of possibilities" for Europe's Economic and Monetary Union (Emu).

The European Central Bank's interpretation of European legislation has come under fire in the past two yea

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