EU finance ministers yesterday agreed to place Croatia under Excessive Deficit Procedure, and asked the Croatian government to present a plan to reduce the country’s public deficit to 3% of GDP by 2016.
WSJ
(6 months after joining)
define( 'DB_CHARSET', 'utf8mb4' ); define( 'DB_COLLATE', 'utf8mb4_unicode_ci' );
". . . a republic, if you can keep it."
EU finance ministers yesterday agreed to place Croatia under Excessive Deficit Procedure, and asked the Croatian government to present a plan to reduce the country’s public deficit to 3% of GDP by 2016.
WSJ
(6 months after joining)
I’ve become a real fan of the Swiss. Seriously. First they rejected the Olympics, and now a high-pay cap. Amen. Europe needs more of this.
online.wsj.com/news/articles/SB10001424052702304011304579217863967104606
Meanwhile, a town in Seattle, just passed a $15/hour minimum wage law. I’ll watch with measured amusement:
Spiegel: Merkel demands EU Treaty change to give Commission control over national budgets
Der Spiegel reports that, in a meeting with EU Council President Herman Van Rompuy last week, German Chancellor Angela Merkel set out her proposals for giving the EU greater powers over eurozone members’ national budgets, a move which would require EU Treaty change. Merkel will reportedly insist on legally enforceable contracts between the Commission and individual member states, setting out their obligations for maintaining budgetary discipline and improved competitiveness. In return, Germany could agree to a eurozone budget which would amount to tens of billions. Finally, the President of the Eurogroup would become a “Euro Finance Minister”.
Spiegel Online cites Axel Schäfer, deputy-chair of the SPD’s parliamentary group as saying that “the SPD will not support any settlements if Merkel conducts parallel negotiations with Britain’s David Cameron over the transfer of EU competences back to member states.” Schäfer also warns that the SPD will not support an EU Treaty changes that trigger referenda in individual member states.
Also, here: www.irishtimes.com/news/world/europe/merkel-aims-for-further-eu-treaty-change-in-third-term-1.1567353