EU wants power over eurozone countries’ budgets June 26, 2012 - 16:39 AMT PanARMENIAN.Net - A top EU official wants powers to force eurozone countries to change their national budgets as part of a grand vision to save the currency, Belfast Telegraph said. Other ideas in the plan, published by European Council president Herman Van Rompuy, include issuing medium-term debt backed by all countries and a banking union with a single authority that would insure banking deposits and have the power to recapitalise banks directly. The document, to be debated at a summit of EU leaders on Thursday and Friday, was drawn up by Mr Van Rompuy, European Commission president Jose Manuel Barroso, eurogroup head Jean-Claude Juncker and European Central Bank president Mario Draghi. Partner news  Top stories Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann. The government has said it expects its debt burden to rise to 90.5% of GDP at the end of 2013 but it may have to revise the forecast. According to the agreement, 300 000 euro will be allocated to preparation of a feasibility report for Ararat valley flooding system. Flights will depart from Sharjah International Airport on Tuesdays and Fridays, Air Arabia said in a statement.   Partner news |  Latest news Facebook CEO meets South Korean President  Mark Zuckerberg's visit is the latest in series of meetings between Park and high-profile U.S. technology pioneers.U.S., Cuba to hold talks on mail services resumption "This is something we feel is good for us, but it's not meant to be a signal of anything or indicate a change in policy," Jen Psaki said.Adobe releases major updates to flagship products There will also be integration with NY-based Behance, which Adobe acquired late last year for an undisclosed amount.Putin, Obama admit disagreement on Syria but pledge cooperation “We do have differing perspectives on the problem, but we share an interest in reducing the violence,” Obama said. |
