Dutch PM: Indebted European states should hand over powers or leave Eurozone

According to EUobserver, the Dutch prime minister is arguing that highly indebted states in the Eurozone should face a choice: hand over key budget powers to the European Commission or leave the Eurozone. “"Member states not willing to make themselves a ward, may choose to make use of the option to leave the eurozone,” Dutch ...

By , a professor at Indiana University’s Hamilton Lugar School of Global and International Studies.

According to EUobserver, the Dutch prime minister is arguing that highly indebted states in the Eurozone should face a choice: hand over key budget powers to the European Commission or leave the Eurozone.

According to EUobserver, the Dutch prime minister is arguing that highly indebted states in the Eurozone should face a choice: hand over key budget powers to the European Commission or leave the Eurozone.

“"Member states not willing to make themselves a ward, may choose to make use of the option to leave the eurozone,” Dutch Prime Minister Mark Rutte said in a letter to the national parliament co-signed by the finance, economy and foreign ministers.

“To continue to be part of the monetary union, states should fully respect agreements."

Under the proposals, seen by EUobserver, a special European commissioner would be appointed to oversee the budgets of euro-area countries.

The Wall Street Journal also has the story here.

David Bosco is a professor at Indiana University’s Hamilton Lugar School of Global and International Studies. He is the author of The Poseidon Project: The Struggle to Govern the World’s Oceans. Twitter: @multilateralist

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