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Europe Daily Bulletin No. 10934

3 October 2013
ECONOMY - FINANCE - BUSINESS / (ae) economy
Rehn says Commission cannot veto countries' budgets

Brussels, 02/10/2013 (Agence Europe) - The European Commission has been defending its “soft power” role when it comes to economic governance and application of the Stability and Growth Pacts at EU level for member states' budgets for 2014.

In this new economic governance, which is a reflection of our profound interdependence in the eurozone, the role of the Commission is not to veto national budgets. That is a power we do not have, said Euro Commissioner Olli Rehn in Paris on...

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