Barroso Says Cannot Have a Monetary Union Without EU

Bloomberg

Barroso Says Cannot Have a Monetary Union Without Economic Union

May 12, 2010

By Jones Hayden

May 12 (Bloomberg) -- European Commission President Jose Barroso said monetary union is not possible without economic union.

“You can’t have a monetary union without having an economic union,” Barroso told reporters in Brussels today. “Member states should have the courage to say whether they want an economic union or not. And if they don’t,” then “it’s better to forget monetary union all together.”