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Plans for a peer review of national budgets have proved to be the most controversial aspect of the plans (Photo: Jorge Franganillo)

EU budgetary proposals draw immediate rebuke

European Commission proposals to step up economic co-ordination inside the European Union have drawn an immediate rebuke from Sweden, with Stockholm deeply unhappy over plans suggesting member states should scrutinise each others' national budgets ahead of national parliaments.

Presenting the plans on Wednesday (12 May), senior officials from the Brussels-based executive body defended the controversial proposals, saying greater economic co-ordination was necessary to prevent future re...

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Plans for a peer review of national budgets have proved to be the most controversial aspect of the plans (Photo: Jorge Franganillo)

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