EU Commission: A compromise on a euro zone budget is within reach

Below are some key takeaways, via Reuters, from the recently published European Commission report on eurozone finances.

• A compromise on a euro zone budget is within reach.
• Significant progress has been made in further reducing risk in the banking union.
• It is essential to progress with a common deposit insurance scheme for the euro area.
• EU Commission calls on EU governments to agree on a euro zone budget.
• Calls on EU governments to finalise changes to euro zone bailout fund treaty.
• Calls on EU governments to make a renewed effort to complete the banking union.
• Calls on EU governments to accelerate progress on the capital markets union and step up work to strengthen the international role of the euro.