SPIEGELONLINE INTERNAIONAL: The EU's monetary affairs commissioner has called for far-reaching new powers for the European Commission. He would like Brussels to have greater control over economic policy in euro zone countries -- and even wants its members to speak with one voice on the international stage.
Opponents of the European Union claim that Brussels already has too much influence over the internal affairs of the EU's 27 member states. They are unlikely to be thrilled by the news that a leading EU official is calling for far-reaching new powers for the EU's executive branch when it comes to member states' economic affairs -- and even foreign policy.
EU Economic and Monetary Affairs Commissioner Joaquin Almunia (more...) wants the European Commission to have more clout in all areas of economic policy. In the future, the Commission should be able to supervise and coordinate reform efforts in the countries of the euro zone, in order to promote more competition in Europe's product and services markets, including the market for financial services. The proposals are contained in a report marking the 10-year anniversary of the euro which Almunia will present on Wednesday. EU Commissioner Wants Far-Reaching New Powers for Brussels >>> | May 5, 2008
The Dawning of a New Dark Age (Paperback - UK)
The Dawning of a New Dark Age (Hardback - UK)
