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. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news Comedian Dan Aykroyd reveals "Ghostbusters 3" details  "The film is based on new research that's being done in particle physics by the young men and women at Columbia University," Aykroyd said.“Simpsons” writer to pen “Angry Birds” animated film Jon Vitti won an Emmy for his work on “King of the Hill,” was a longtime writer-producer on “Simpsons” and worked on “The Simpsons Movie.”11 dead as bus collides with truck in India Police officer S.K. Awasthi said the wedding party was traveling in the truck, but the bride and bridegroom were traveling separately.Monterey Media picks up “The Citizen” drama The movie tells the story of an Arab immigrant who wins the American Green Card Lottery, arriving in New York City on Sept. 10, 2001. |
