BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble warned Wednesday that there is a danger that the decision of the British to leave the European Union you can create a domino effect on the block.
Schäuble also said that stands firm in his belief that “within is in and out is out”, adding that UK does not have unlimited time to decide on his presentation to leave the EU, speaking during an event of which he participated with the foreign minister of Luxembourg.
Earlier Wednesday, the daily Handelsblatt said collaborators Schäuble delineating a reform plan post-Brexit for the block, stand stricter budget rules for member countries of the EU and European Commission smaller in that.
the program will be presented to Schäuble, whose austere approach on public finances managed to balance the budget in Germany for the first time since 1969, almost certainly see the resistance of France and Italy, who prefer borrowing to stimulate their economies.
“Member states should not abandon its responsibilities to ensure budgets stable and friendly reforms with growth, “experts said German Finance on the proposed reforms as saying Handelsblatt
Asked about the plan, a source at the German Finance Ministry said.” Right now, consolidation is not the main focus. “
the paper also hinted at the idea that an independent body of experts would monitor the implementation of the budget rules of the EU.
Handelsblatt also said a suggestion that the plan was to reduce the size of the European Commission, widely criticized for its huge bureaucracy, but gave no more details
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