Europe should drop its unanimous decision-making principle and shift to a system similar to the International Monetary Fund’s weighted votes, with an 80 percent majority required, Guy Verhofstadt, a former prime minister of Belgium, said according to La Tribune.
Nov. 23 (Bloomberg) -- Guy Verhofstadt, member of the European Parliament and former prime minister of Belgium, discusses European Union budget negotiations. He speaks from Brussels with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
Leading members of the European Parliament threatened to veto the seven-year budget agreement reached by government heads 10 days ago, seeking more money for Europe as they prepare for negotiations on a final deal.
Finland’s demand for safeguards on loans to fellow euro members is stopping Portugal from taking a credit line to help exit its bailout, according to European Commissioner for Economic and Monetary Affairs Olli Rehn.