Proposal Would Boost Eurozone’s Control over Finances (CNBC)

EU report includes provision requiring all eurozone members to agree to fiscal programs, timelines.

A European Union report includes a proposal that eurozone member nations make commitments to undertake fiscal reform, a measure that would increase Brussels’ power over countries’ fiscal policies, CNBC reports. Currently the EU requires such binding commitments from nations receiving bailouts.

The document includes a proposal for a central budget for the eurozone.


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