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After falling short with her "fiscal compact" on budget discipline, German Chancellor Angela Merkel is pressing for much more ambitious measures, including a central authority to manage euro area finances, and major new powers for the European Commission, European Parliament and European Court of Justice.
She is also seeking a coordinated European approach to reforming labor markets, social security systems and tax policies, German officials say.
Originally posted by pavil
reply to post by Dreine
I can see how Germany want's the rest of the EU to become more like them fiscally. However, I don't the rest of the EU willing to change their status quo to become more like Germany. European countries like the Idea of a Unified Europe but won't ever give away their power and sovereignty to a United States of Europe.
It will be interesting to see how this plays out.