EU leaders give lukewarm welcome to EMU report

The European Council gave a lukewarm welcome to the report drafted by the presidents of the European Commission, the European Central Bank, the Eurogroup, the European Council and the European Parliament on the reform of the Economic and Monetary Union. In the 25-26 June EU summit´s conclusions, they "took note" of the report and asked the Council to "rapidly examine it" to see how to implement its short-term proposals. Diplomatic sources noted that the conclusions did not use alternative diplomatic…