Online: | |
Visits: | |
Stories: |
Story Views | |
Now: | |
Last Hour: | |
Last 24 Hours: | |
Total: |
EUROPE’S financial kingpin wants Brussels to have a say in every member state’s economic plans and pump their profits into the crumbling Eurozone.
EU nations are being urged to merge their economic plans so the continent as a whole will benefit and produce a positive fiscal outlook despite rampant uncertainty and division across Europe.
The devastating sovereign debt crisis made it clear more needs to be done by EU nations as a group to preserve stability.
Finance ministers from across Europe are meeting in Brussels today to try and synchronise elements of their economy which they will then adopt as part of their financial plans and attempt to force through their own national parliaments.
He said: “If we are serious about deepening the eurozone to strengthen its resilience, the first step must be to start acting collectively.
“The eurozone’s aggregate fiscal stance during the crisis years of 2011-2013 was negative, as governments raised taxes and cut spending to rein in their ballooning deficits and regain the confidence of markets.
“So the fact that the Commission is taking a position on what the eurozone fiscal stance should be is in itself an important step towards more effective economic governance.
Philosophers stone – selected views from the boat http://philosophers-stone.co.uk