European Central Bank and President Martin Schulz Jeroen Dijsselbloem

Mario Draghi: It included short-term measures that could take effect within two years, such as a common bank deposit insurance system, but also longer term ideas that were also more ambitious, like establishing a common eurozone treasury, according to Deutsche Welle. Juncker authored his report alongside four other top EU officials, including European Central Bank chief Mario Draghi, European Council President Donald Tusk, European Parliament President Martin Schulz and Jeroen Dijsselbloem, head of the finance ministers of the euro group. The report, bearing the official title, "Completing Europe Economic and Monetary Union," was commissioned last year by EU leaders hoping to map out ways to prevent the kind of instability seen in the last few years amid a global recession. Multiple stages To better coordinate members' economic policies, the report proposed a full-time Eurogroup president and common eurozone representation in international bodies like the International Monetary Fund. The report also suggested quickly setting up national competitiveness authorities that would press governments to pursue policies promoting productivity and economic growth. However, in order to be able to speak with one voice in international financial bodies like the IMF, countries like Germany or France would have to give up their voting rights there. (news.financializer.com). As reported in the news.