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EU commissioner proposes deterrents for deficit sinners

The Local · 9 Sep 2011, 12:26

Published: 09 Sep 2011 12:26 GMT+02:00

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In an interview with mass-circulation daily Bild, the EU's Energy Commissioner was asked what Europe could do to provide an effective deterrent to breaking deficit rules, amid a crippling debt crisis.

Oettinger proposed that EU countries submit their budgets to the EU in advance for checking, then added: "We could also consider unconventional ideas."

The commissioner said: "There is also the suggestion that the flags of deficit sinners could be placed at half mast outside EU buildings. That would only be a symbol, but it would be a powerful deterrent."

Oettinger also proposed that the EU send "qualified officials" from other member states to help Greece with its administration.

However, he rejected the idea that debt-wracked Greece should be forced to leave the eurozone.

"That would divide Europe and would be a disastrous signal. It would give the impression that the EU is not in a position to stabilize a relatively small country," he said. "Markets and creditors would lose their trust in us in the future."

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The Local (news@thelocal.de)

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Your comments about this article

14:54 September 9, 2011 by nemo999
Is there a village in Germany missing it's idiot, because I think they might have found him in Brussels. My dear commissioner why don't we take away their supper and send them to bed early?
16:47 September 9, 2011 by JDee
I'd drop my pants and run arond the acropolis every day for 500 billion, well said nemo999, this moron is one of the architects of S21 and you see what they're dealing with...
17:15 September 9, 2011 by Englishted
And I make three ,but think how much money this prat "earns".

Stop the Euro grave train .
17:30 September 9, 2011 by MarshaLynn
News flash to Europe: Get rid of socialism, and you might survive financially. Socialism is a utopian system meant for some other planet besides Earth. It does not encourage independence in the individual, and it is not affordable in the longterm. We are fighting it tooth and nail here in the USA, and intend to win the fight over time. We would be happy to pay the one-way airfare to Europe for all of our socialists here in America. Toward that end, we could use all the entitlement money we are currently required to pay to the government. Then when all the progressives are gone, there would be more jobs here, and our first act of government would be to shut down all the federal government welfare programs. Seems like a plan to me.
18:24 September 9, 2011 by storymann
nemo999 thank you that was a good chuckle (:
20:14 September 9, 2011 by Englishted

Please keep your tea party rubbish where it is .

Capitalism and greed started this "crisis" as well you know.
01:52 September 10, 2011 by lenny van
@Marshal Lynn. That could be an unconventional idea that Herr Oettiger would consider. Hopefully, he will respond to you and you and he can go into more detail together over lunch or somthing. Please report back. A lot of us are very interested on taking this farther.
10:50 September 10, 2011 by siba
@MarshaLynn: Oh man, exactly this "the market controls itself" and this "individiualim-logic" brought us where we are. The governements LACK tax money from the rich to really have the means to do real politics anymore. The main problem of Greece's tax system is that the rich found ways to keep their money ouf of the country. This has to be fixed.

Socialism is not existing, we have a social market democracy here, but it more and more shifted to a free market "democracy" with less social welfare, where some well off found ways to abuse the lack of control by exploiting others and see where we are. Btw, the countries best of in Europe all have a very strong welfare state such as Scandinavian countries - and also Germany is still doing quite well.

The economic problems in the US and also in England are a direct consequence of neoliberal politics. Open your eyes (and your mind)!
04:24 September 15, 2011 by Hibernicus
There is enough cash in the EU to pay off the debts ten times over. The elites are using this crisis to reverse all the social gains in Europe since 1945. Buying and selling debt by fraudsters and criminals,instead of investment in normal production, caused this crisis, based on the lunatic ideology of neo-liberalism imported from the United States of Debt itself. Tea Party clowns know nothing of real history and most of them can't point out their own country on a map.

Oettinger's remarks have ensured that no new EU Treaty will get past Irish voters.

Mutti Merkel has lost control of her Government and should resign.
12:35 September 15, 2011 by Englishted

"Oettinger's remarks have ensured that no new EU Treaty will get past Irish voters."

Oh I don't know ,just keep asking till they cave in and say yes.That is what happened last time ?.
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