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EU commissioner proposes deterrents for deficit sinners

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EU commissioner proposes deterrents for deficit sinners
Image source: DPA
12:26 CEST+02:00
Günther Oettinger, Germany’s EU commissioner, suggested Friday that the flags of EU countries breaking debt and deficit rules could be flown at half mast outside the bloc's institutional buildings. He also said European civil servants could take over Greece's public administration.

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."

AFP/smd

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