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Merkel: We should have a minister of the euro area
German Chancellor Angela Merkel supports the idea advanced initially by the Dutch, that there should be a European Commissioner to ensure that euro area countries the rules, write newspaper EUobserver in Brussels.
Merkel also said last week during his visit to the European Commission that EU treaty change would not be a taboo, as long as it would help solve current problems. But German Chancellor refused to comment on what changes refers treated, "because there is still time."
"If countries do not do what it takes to be in the euro area should not exclude the possibility of change bills," she said.
Dutch Prime Minister Mark Rutte said last month (September 8), together with Finance Minister Jan Kees Dutch of Jager, a Financial Times interview that a new post is needed to take action against countries that do not comply with agreements .
"Follow the rules or out of the game" - sounds like the Dutch solution to sovereign debt crisis that has cornered the major European economies and created a constant turmoil in financial markets. European Commission rejects, but Dutch ideas.
Growth and Stability Pact, created in 1997 to maintain budget discipline of the euro area countries has not been observed over time, not only for Greece or Italy, but even Germany or France. States were played by the rules, leaders were mixed, and the effects of errors in a country were flooded with light speed and other countries, Prime Minister Mark Rutte write and Finance Minister Jan Kees de Jos country of Jager. While eight years ago analysts discussed the possibility of a transfer of power from the Commission and budgetary institutions in each Member State to the European Central Bank, they can now contemplate the creation of a Commissioner for budgetary discipline. Iron hand of the euro area economy should be ruthless, and De Jager Rutte say.
"The states that do not want to undergo this treatment may leave the eurozone. Who wants to be part of the Group of 17, you will need to meet their commitments and can not systematically violate the rules. In the future, a final declaration would be as these countries are forced to leave the euro area, "write politcienii Dutch.
They aim to root întoarecerea euro area, except that now the rules must be respected by all players. If we want the euro area to survive in its present form as a stable monetary union that protects the internal market and our prosperity, then there will be radical changes to the past.
Many states already have taken steps to discipline the budget and now use mechanisms that would allow them to intervene more quickly when necessary. But these steps are not "enough" Rutte said and De Jager:
"We want independent monitoring of how states comply with budgetary rules. Then, we believe that countries that systematically ignores the rules should suffer severe penalties and be given less freedom in their budgetary policy. The new commissioner would return in such cases impose power countries with excessive deficits. A first step would be to require countries to adjust their public finances. "
Punish states that do not follow the rules
"If the measures taken by a state facing such problems are not enough", and De Jager continues Rutte, "then the Commissioner may intervene by raising additional tax charges." Otherwise the penalty would be cutting money from structural and cohesion funds of the EU and even suspension of the right of countries to vote.
"Respect the rules would be an automatic network and not a political choice, an agreement is an agreement. You must have the courage to strengthen the architecture of the euro area and the principles on which it relied when it was created, if we want a prosperous and stable currency, "they conclude.
EC rejects Dutch proposal
The European Commission said last month (8 September) that the EU priority is to strengthen the euro area and pursue the implementation of measures on which all euro area countries agreed at the last extraordinary summit of 21 July (2011).
"There is also power in the euro area - a eurozone entry is irrevocable, excluding a state is not possible. We are open to discussions on the strengthening of the euro, but we need to focus on governance ecom package of six measures already established, "said Amadeu Altafaj, spokesman for the Economic and Monetary Affairs Commissioner Olli Rehn
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