Greece’s finance minister has angrily rejected a German plan for the eurozone to impose a budget overseer on to Athens in return for a new €130bn bail-out, saying it would improperly force his country to choose between “financial assistance” and “national dignity”.
Evangelos Venizelos said the proposal to create a European Union “budget commissioner” with the power to veto Greek tax and spending decisions, revealed by the Financial Times, “ignores some key historical lessons”.
He added that EU lenders already had sufficient monitoring safeguards in place in its bail-out programme.
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