There must be an EU “currency commissioner” with sweeping powers to strike
down national budgets; a “large step towards fiscal union”; and yet another
EU treaty.
Finance minister Wolfgang Schaeuble dropped his bombshell in talks with German
journalists on a flight from Asia, and apparently had the blessing of Angela
Merkel, the chancellor. “When I put forward such proposals, you can take it
as a given that the chancellor agrees,” he said.
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