Bloomberg News

EU Finance Ministers Agree on Economic-Governance Package

February 21, 2012

Feb. 21 (Bloomberg) -- European Union finance ministers agreed on a budget-oversight proposal that calls for enhanced monitoring and assessment of the draft budget plans of euro-area governments.

The proposal also includes rules on beefed-up oversight of euro-area nations “that are experiencing severe financial disturbance or request financial assistance,” the EU said today in a statement.

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