Germany's Schaeuble proposes to rebalance EU Commission's role
Berlin
GERMANY'S finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows.
A spokeswoman for the German finance ministry said on Thursday that Wolfgang Schaeuble had raised the idea at a meeting of European Union finance ministers in Brussels two weeks ago.
"The minister . . . addressed the role of the institutions. Taken as a whole, what's important here is that the Commission keeps the right balanc…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year