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Markets  |  June 02, 2012 14:23:46

Spanish Prime Minister proposes the creation of a new fiscal authority in the euro area


MADRID (MEDIAFAX) - Spanish Prime Minister Mariano Rajoy has proposed a new fiscal office in the euro area, to scrutinize and harmonize national European budgets and managing debt. On Saturday, about Reuters.

"The European Union must strengthen its architecture," said Rajoy. "This will mean the path to greater integration and more transfer of sovereignty, especially in the tax area," he added.

"This would be a compromise to create a new European fiscal authority to manage fiscal policy in the euro area, harmonized fiscal policies of member countries and enable centralized control of public finances," said the Premier.

He further stated that the Authority would be in charge of managing the EU's debt.

Libor Popel, popela@mediafax.cz

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Španělský premiér navrhuje vytvoření nového fiskálního úřadu v eurozóně

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