November 23, 2011 – 11:10 am
The European Commission proposed on Wednesday that he be assigned intrusive powers in national budgets, which could pave the way for joint programming of debt by the countries of the euro area, a perspective that no country is opposed in principle , she said.
The EU executive believes that these two sets of measures would allow the euro area to overcome the current crisis by advancing to an organization in which greater solidarity would be offset by increased liability of the members.
Depending on the device, the EU executive could amend not only the first draft national budget, submitted in April, but the budget bills during the second half of the year.
The Commission may make recommendations or even claim that a new budget is established, if necessary up to defend his opinion directly to national parliaments after discussion between the finance ministers of the euro area.
But the parliaments retain the final say on the budget, but the EU executive would in turn can open without waiting for an excessive deficit procedure if it considers that the country moves away from the budget path which is recommended.
In extreme cases when the country refused repeatedly to comply with EU recommendations, it could be placed "under administration" Community Trust in the clear in Brussels.
- The EU validates the agreement between British Airways, American and Iberia
- The EU is struggling to define its response to the crisis on the eve of the summit
- Ireland formalizes its request for financial assistance
- The EU is considering a postponement of the second aid package to Greece
- Europe does not move toward a recession, Barroso assures
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