Draghi wants European veto over national budgets


A proposal that would see the European Commission gain the ability to reject national budgets appears to have received the support of Mario Draghi, president of the European Central Bank (ECB).

Wolfgang Schäuble, the German finance minister, has proposed that the role of the European commissioner for economic and monetary affairs be expanded by telling reporters in Singapore that this could include giving the incumbent (Olli Rehn) a veto over members' national budgets. Draghi told Germany's Der

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