EU to check on euro-zone draft budgets

12th May 2010, Comments 0 comments

The European Commission will carry out a thorough check on the euro-zone countries’ draft budgets before they have been approved by national parliaments. Reports by ITAR-TASS say the Commission’s budget austerity plan for the EU is seen as unprecedented in the EU’s history as it considerably expands Brussels’ fiscal control over national governments.

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