| Author (Person) | Barber, Tony |
|---|---|
| Series Title | Financial Times |
| Series Details | 12.2.10 |
| Publication Date | 12/02/2010 |
| Content Type | News |
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Greece’s budgetary and economic policies will be subjected to an unprecedented degree of surveillance by European Union authorities as the price of a promise of support agreed on the 11 February 2010 by Germany and other EU governments at the informal European Council, Brussels, 11 February 2010. Pensions and healthcare policies, the public administration, labour and product markets, the use of EU structural funds, financial sector supervision and official statistics will all be rigorously monitored by the European Commission to ensure that Greece is not let off the hook. The measures are more intrusive than anything adopted in the EU’s 53-year history and, if applied to the letter, will amount to a significant curtailment of Greece’s fiscal sovereignty in return for its right to continue sharing the euro currency with Germany, France and the other 13 eurozone nations. |
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| Countries / Regions | Europe, Greece |
