Euro Officials Discuss Greek Budget Veto Powers

From bloomberg.com

European policy makers are discussing plans to directly intervene in Greek budget decisions as the country struggles to cut its deficit, two euro region government officials said. Under the proposals, European institutions would have powers to implement austerity measures agreed under the terms of Greece’s bailout agreements, said one of the officials, who declined to be identified because the talks are confidential. The plan would accelerate decision making and strengthen the power of officials overseeing Greece’s budget as part of the so- called troika of the European Commission, the European Central ... (full story)