In its attempts to strengthen the Europe against future financial crises, the EU has made significant promises about the kinds of powers it's ready to hand over to the central bureaucracy. On Thursday, leaders discussed the possibility of having their countries enter into individual contracts with the EU to ensure they keep their commitments to cut excessive spending and adopt important reforms to make their economies more competitive.They also talked about creating a budget for the eurozone that could help prop up countries that are struggling under the weight of reforms â¿¿ as Spain and Greece are now.
Euro Ministers Back Next Greece Bailout Payment
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