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The European Parliament appeared to be sidelined (Photo: europarl.europa.eu)

The eurozone budget and the maze of EU money

In the run-up to this week's European Council, new proposals for a "eurozone budget" have stirred debate in Brussels, Frankfurt and European capitals.

This "fiscal capacity" has been presented by European Council President Herman Van Rompuy in his interim report as a kind of solidarity and crisis reaction fund that eurozone members would establish for themselves alongside the normal EU budget, including the right to borrow money and empowered through a special "treasury."

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

The European Parliament appeared to be sidelined (Photo: europarl.europa.eu)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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