Austrian finance minister, Karl-Heinz Grasser yesterday (26 May) proposed a radical new punishment for countries such as France and Germany that persist in breaking the strict rules governing the euro.
In comments reported by the Süddeutsche Zeitung, Mr Grasser said that the punishment for such states "must be really applicable" and suggested that they could temporarily lose their EU voting rights if they break the rules for three consecutive years.
Austria is one of the biggest...
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