AACHEN, Germany (Dow Jones)--European Central Bank President Jean-Claude Trichet Thursday called for much tougher fiscal intervention within the euro zone and suggested the creation of a euro-zone finance ministry.
At a ceremony to receive the Charlemagne prize for European unity, Trichet proposed a raft of possible radical changes to improve the euro zone as a currency bloc as a number of its member states are struggling with debt crises.
He said if a bailed-out country isn't delivering on its fiscal adjustment program, then a "second stage" could be required, which could possibly involve "giving euro-area authorities a much deeper and authoritative say in the formation of the county's economic policies if these go harmfully astray."
He suggested that euro-zone authorities could have "the right to veto some national economic policy decisions" under such a regime. In particular, a veto could apply for "major fiscal spending items and elements essential for the country's competitiveness."
"In this union of tomorrow...would it be too bold in the economic field...to envisage a ministry of finance for of the union?"
Such a ministry wouldn't have necessarily have a large federal budget but would be involved in surveillance and issuing vetoes, and would represent the currency bloc at international financial institutions.
Σχόλιο : Η ανικανότητα του πολιτικού συστήματος της χώρας, μόνο με αυτόν τον τρόπο μπορεί να αναπληρωθεί. Δώστε τα κλειδιά, αποτυχημένοι διαχειριστές, χθες.......ΌΧΙ άλλες μετατάξεις, αναβολές, ψέμματα, και τέλος στην προστασία των ημετέρων σας, διορισμένων στο Δημόσιο σας.
