EU Leaders Will Consider a Separate Eurozone Budget at Meeting in Brussels

EU leaders meeting in Brussels next week will consider creating a separate budget for the 17-nation eurozone, in a drive to unite fiscal policy.

Such a budget, outside the seven-year framework of the 27-member EU, could centralise tax and spending decisions.

European Council President Herman Van Rompuy says he wants the EU to have specific proposals before next year, to help stabilise the eurozone.

UK Prime Minister David Cameron says the eurozone will need its own budget.

Mr Van Rompuy addressed the budget issue at a conference organised by the Friends of Europe think-tank in Brussels on Thursday.

via BBC

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