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SEP 26, 2013 - Yahoo! News

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New era as Brussels tightens its grip on budget miscreants

By Robin Emmott BRUSSELS (Reuters) - Four months ago, President Francois Hollande warned Brussels not to tell France how to run its finances. In a few weeks' time, the European Commission will do exactly that as a new era of rigid fiscal surveillance begins in Europe. In one of the most far-reaching responses to the region's debt crisis, the Commission, the EU's executive, will now run the rule over the budget plans of the 17 euro zone countries before they are fully digested by national parliaments. ...

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