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.
The European Union lacks a sufficient sense of urgency in tackling the underlying failings of economic and monetary union, as opposed to the immediate issue of Greece, according to Guy Verhofstadt, a member of the European Parliament and former Belgian prime minister, Les Echos reported.
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)
Germany should “seriously consider” accepting common euro bonds if they are tied to tighter fiscal and economic controls, former Belgian prime minister Guy Verhofstadt was quoted by Die Welt newspaper as saying.
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.