Merkel says Europe needs clear intervention rights on budgets October 18, 2012 - 12:11 AMT PanARMENIAN.Net - Europe needs clear intervention rights when member states' national budgets violate EU rules, German Chancellor Angela Merkel said on Thursday, Oct 18, shortly before an EU leaders summit, Reuters reported. "We have made good progress on strengthening fiscal discipline with the fiscal pact but we are of the opinion, and I speak for the whole German government on this, that we could go a step further by giving Europe real rights of intervention in national budgets," Merkel told the Bundestag lower house. She also said a proposal put forward by German Finance Minister Wolfgang Schaeuble to create a European currency commissioner was a possible way forward and that more European rights should be accompanied by a stronger European parliament. Merkel advocated the creation of a European fund to invest in specific projects in member states which she said could be funded by a financial transaction tax.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
