Facebook

Twitter

iTunes

RSS

HEAR THIS HOUR'S UPDATE

Entries in Budget Commissioner (1)

Saturday
Jan282012

Germany Proposes Greece Acquire a Budget Commissioner

Hemera/Thinkstock(BERLIN) -- Germany is pushing for Greece to acquire a budget commissioner to help tackle the country’s tax and spending, reports indicate.

BBC News reports that the German proposal would create a budget commissioner who would have veto powers over Greek budgetary measures if they were not aligned with standards set by international lenders.

"Given the disappointing compliance so far, Greece has to accept shifting budgetary sovereignty to the European level for a certain period of time," the Financial Times reported saying of Germany’s proposed plan.

Copyright 2012 ABC News Radio