Germany's potential for growth is far too low, and the country must invest more, Jyrki Katainen said on Friday. France is cutting its deficit less quickly than promised, raising the chances that the Commission will reject its 2015 budget.
To prevent the misuse of money, the European Commission should vet all national investment projects, writes Guntram B. Wolff. It would be an important step toward establishing the eurozone’s missing fiscal union.
The European Commission is discussing changes with Italy and France to their 2015 draft budgets to avoid having to send back the plans that break European Union rules, EU officials said on Wednesday (22 October).