Lunedì, 22 Ottobre 2018
BRUSSELS

France, Germany clash over control of national budgets

English
© ANSA

(ANSA) - Brussels, October 18 - Germany and France clashed
Thursday over control of national budgets as a summit of
European Union leaders began.
German Chancellor Angela Merkel called for greater powers
for the European Commission to veto national budgets that breach
EU rules.
However, French President Francois Hollande argued that
that issue was not on the summit agenda.
Instead, he said, priority must be given to steps leading
to a European banking union.
Merkel, who is reluctant to see German banks brought under
outside supervision, told parliament in Berlin before the summit
began that quality in a banking regulator is more important than
implementing it with speed.
Italian Premier Mario Monti may yet play peacemaker in the
dispute.
He held a bilateral meeting with Hollande as the summit
began, and later met with the president of the EU Council,
Herman Van Rompuy.

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