EU commission prepares ground for far-reaching economic powers

The European Commission has started preparing the ground for legislation that would prevent member states from undertaking major tax, labour or financial reforms without running it by the commission and other governments first.

In an ideas paper published Wednesday (20 March), the commission said this ex-ante co-ordination should concern "major national economic reform plans and should take place at an early stage before the measures are adopted."

The suggested scope of covered po...