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10/18/12

EU summit: Angela Merkel calls for national budget veto


Angela Merkel
The German chancellor has called for the EU to be given the power to veto member states' budgets, hours before leaders meet in Brussels for a summit. 

Angela Merkel said the economics commissioner should be given clear rights to intervene when national budgets violated the bloc's rules.

The idea is likely to be strongly opposed by members concerned about any increase in the EU Commission's powers.

The summit is expected to focus on plans for a banking union.

Read more: BBC News - EU summit: Angela Merkel calls for national budget veto

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