Arab Today, arab today merkel pushes eu veto over national budgets
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Merkel pushes EU veto over national budgets

Arab Today, arab today

Arab Today, arab today Merkel pushes EU veto over national budgets

Berlin - AFP

German Chancellor Angela Merkel said Thursday the European Union\'s top financial official should have the power to veto the national budgets of member states. Merkel, addressing the Bundestag lower house of parliament ahead of an EU summit beginning later in Brussels, said the EU\'s economics commissioner should have the authority to declare a budget \"invalid\". \"We believe, and I say that for the whole government, we could go further by granting the European level real rights to intervene in national budgets\" that breach the limits of the EU\'s growth and stability pact, Merkel told lawmakers. She added that \"unfortunately\" she knew some EU member states were not ready for such a step. But she said that if a national budget could be declared invalid, \"we would be at the stage of needing someone in the (EU) Commission who has the authority to do that\" and that person would be the EU\'s economics commissioner. On Tuesday, German Finance Minister Wolfgang Schaeuble called for the EU\'s Economic and Monetary Commissioner to be empowered to send back budgets to national parliaments. Several hours before EU leaders gather in Brussels, Merkel outlined in an around 40-minute speech the position of Germany, Europe\'s top economy and effective paymaster, calling the euro \"much more than a currency\". She pointed to the significance of the EU having been awarded the Nobel Peace Prize in the midst of a crisis that has at times posed a question mark over its future, rather than at other key moments in its history. \"This euro stands symbolically for the economic, social and political unification of Europe with great effect beyond Europe,\" she said.The problems buffeting Europe have not arisen overnight and will not be resolved overnight either, she said highlighting a lack of competitiveness, some countries\' debt problems and mistakes in the design of the euro. But she said that strengthening the single currency was a process of steps and measures, some of which had already been taken. \"We can already clearly see the outlines of a stability union,\" she said. She also said many countries were undertaking tough reforms or had introduced other programmes to tackle their problems, including Greece where she said the situation was \"anything but simple\". Turning to Spain, she said the decision on whether Madrid sought rescue funds from the EU was the Spanish government\'s alone. \"We know that people in Spain, in Greece and in other affected member states, an awful lot is demanded of them,\" she said, adding however that results were also being seen.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today merkel pushes eu veto over national budgets Arab Today, arab today merkel pushes eu veto over national budgets

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today merkel pushes eu veto over national budgets Arab Today, arab today merkel pushes eu veto over national budgets

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday