Members of the European Parliament are set to endorse a raft of measures which they hope would enable the European Union to recover more quickly and strongly from the negative impacts of the global financial crisis, while ensuring greater financial and economic stability in the future.

The proposals to be debated by the Parliament next week (20 October) include the idea of appointing a 'Mr. or Ms. Euro', who would be in charge of coordinating the bloc's economic policies. This person would take over the responsibilities that are currently shared by three people.