Germany has proposed the creation of a new EU 'overseer' that would crack the whip and impose sanctions on countries that do not adhere to rigid budget discipline and pro-business labour policies.
The country's economy minister, Philipp Roesler, on Tuesday (10 August) told reporters that the bloc should create a new EU institution, a 'stability council', of unelected supervisors that would ensure member states that stick to budget temperance and limit debt and keep in check debt growth....
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