European Commission

‘Germany wants a European commissioner with veto rights’

Published on 2 September 2014 at 12:05

Cover

“Germany is more active than ever in its war against those who would challenge the policies it has imposed on Europe since 2010,” reports i.
During an annual conference of central banks on economic polity of Jackson Hole in the United States on 22 August, European Central Bank president Mario Draghi suggested putting an end to austerity policies in favour of exceptional measures to stimulate the economy. In response, notes i, German finance minister Wolfgang Schäuble declared the ECB no longer has the means to defend the eurozone.
The German finance minister also proposed in The Financial Times to create a European budget commissioner with the right to veto the national budgets of the 18 eurozone member states.
The paper recalls the new European rules already allow the supervision of member states’ budgets, but Schäuble —

considers it is necessary to take a further step towards greater integration.

Receive the best of European journalism straight to your inbox every Thursday
Tags

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic