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Senior administrators of the European Union proposed on Wednesday that they be given unprecedented power to scrutinize the spending plans of countries before national parliaments vote on those budgets.
The EU's executive commission's bid was a move to crack down on widespread government overspending and to begin to deal with the debt crisis that threatens the exchange value of the euro.
Read more: www.cbc.ca...
(Reuters) - In a bizarre twist to the Greek debt crisis, France and Germany are pressing Greece to buy their gunboats and warplanes, even as they urge it to cut public spending and curb its deficit. Source
Originally posted by Gromle
Im glad Norway is outside the EU when news like this arrive.
Originally posted by Dermo
reply to post by TheComte
I've been saying this for months.. This is just the start of the Fiscal Union.. Ie the United States of Europe EUROZONE..