News Headline Summary

FT writes: EU could rewrite eurozone budgets

The European Union would gain far-reaching powers to rewrite national budgets for eurozone countries that breach debt and deficit rules under proposals likely to be discussed at a summit this week, according to a draft report seen by the Financial Times.

full article: http://www.ft.com/cms/s/0/0da7179e-bee4-11e1-bebe-00144feabdc0.html#axzz1zDJbJ5La

Print 19:52, 25 Jun 2012 - Market Analysis - Source: FT