Barroso: EU may need another treaty change

Treaty changes to achieve even closer European integration will "probably" be necessary to cope with the economic crisis, European Commission President Jose Manuel Barroso said today.

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 €440bn of an existing bailout fund and a tax on bank transactions.