EU leaders weigh two-track strategy to break economic reform deadlock
EU leaders may use a two-track approach for financial reforms if all members cannot agree by June. The plan aims to boost growth against global economic rivals.
Insights:
At an informal European Union summit held in Belgium 
BE today, French 
FR President Emmanuel Macron and European Commission President Ursula von der Leyen set a decisive June deadline to achieve progress on the long-stalled Capital Markets Union. The leaders indicated that if insufficient progress is made by the wider bloc, a smaller group of at least nine member states could proceed independently using the bloc's enhanced cooperation mechanism. This coalition of the willing approach is intended to break the integration deadlock that has hampered the union's ability to mobilize private capital effectively.
BE today, French FR President Emmanuel Macron and European Commission President Ursula von der Leyen set a decisive June deadline to achieve progress on the long-stalled Capital Markets Union. The leaders indicated that if insufficient progress is made by the wider bloc, a smaller group of at least nine member states could proceed independently using the bloc's enhanced cooperation mechanism. This coalition of the willing approach is intended to break the integration deadlock that has hampered the union's ability to mobilize private capital effectively.
