Reuters: Regulatory News: U.S. sees EU moving toward greater fiscal union

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U.S. sees EU moving toward greater fiscal union Jun 5th 2012, 17:44 WASHINGTON, June 5 | Tue Jun 5, 2012 1:44pm EDT WASHINGTON, June 5 (Reuters) - The United States said it has a tremendous stake in Europe successfully managing its debt crisis and expects to see it move toward a closer fiscal and financial union. "We will see Europe continuing to evolve its policy response," Lael Brainard, the U.S. Treasury's undersecretary for international affairs, told a conference in Washington. Brainard said Washington expects Europe will move "toward greater union on the fiscal front, greater union on financial front." "These are critical complements to their monetary union," she said.

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