Brussels, 01/12/2011 (Agence Europe) - On Wednesday 30 November, EU27 finance ministers had their first discussion of the recent draft legislation to increase the European Commission's budget surveillance powers over eurozone countries, particularly those with weak economies (see EUROPE 10501). The ministers who spoke in the debate generally supported the Commission's approach.
The Swedish finance minister, Anders Borg, said it was important to continue with the budget policy reforms. The...