After talks with German Chancellor Angela Merkel in Brussels at the Commission, he said the EU was putting in place a raft of economic plans which should reassure markets, including stronger eurozone regulation and supervision, a quadrupling to 440 billion euro of an existing bailout fund and a tax on bank transactions.
But more might need to be done and it might require treaty change, he said - something Mrs Merkel said last month was necessary to get the EU out of the debt crisis.
Mr Barroso said: "We may need treaty change for more integration if current (financial) mechanisms are proved not to be enough."
He said the idea was not a delaying tactic, adding: "We are not proposing to have treaty change to avoid decisions we have to take now, so it cannot be a way of postponing that.
"But yes, probably in the future we may have to have treaty change, and it is a good indication for so-called markets and investors that we are looking for forward integration in the euro area, and not less Europe." Read on and comment » | Geoff Meade | Wednesday, October 05, 2011
