| Author (Person) | Hope, Kerin, Spiegel, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 28.1.12 |
| Publication Date | 28/01/2012 |
| Content Type | News |
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Article reports of documents seen by the FT which suggested that the German government wanted Greece to cede sovereignty over tax and spending decisions to a eurozone 'budget commissioner' to secure a second €130bn bail-out from the EU/ECB/IMF. This would amount to an extraordinary extension of European Union control over a member state, the new Commissioner would have the power to veto budget decisions taken by the Greek government if they were not in line with targets set by international lenders. Subsequent reports indicated that Greek officials flatly refused to consider the German plan. Greek Finance Minister Evangelos Venizelos said that it was not fair to ask Greeks to compromise their nation’s dignity for further financial assistance. |
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| Countries / Regions | Europe, Greece |
