"I don't think we'll get anything that sweeping this week"
- Sebastian Dullien, senior policy fellow at the European Council
A group of European officials on Tuesday proposed a series of adjustments to the single currency bloc which will be discussed at EU summit on Thursday. The measures range from allowing a central European authority to override national budgets to the issuing of common euro zone bonds.
Proposals ran into immediate criticism from Germany for putting too much emphasis on debt sharing.
"I don't think we'll get anything that sweeping this week," said Sebastian Dullien, senior policy fellow at the European Council on Foreign Relations in Berlin.
"There had been expectations of a breakthrough, but Germany is not ready to take the steps that are necessary, or at least its conditions are strict enough that the other countries are not yet prepared to meet them."
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