Domenica, 21 Ottobre 2018

EU budget supervisor 'not needed', Monti says


Brussels, October 19 - A supervisor for the budgets
of European Union members is not needed, Italian Premier Mario
Monti said Thursday night, easing an EU summit row between
German Chancellor Angela Merkel and French President Francois
The summit agreed to set aside the issue of a veto-wielding
supervisor, advocated by Merkel to France's chagrin, and instead
push forward with a supervisor for banking union, to be set up
by the end of the year.
Germany and other northern European countries still want
more time than that to organise a banking union.

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