Europe round-up: eurozone could get its own finance minister and tax powers, and more

31 Jul 15

A round-up of recent public finance stories from Europe you might have missed.

The eurozone could get its own finance minister and tax powers after the chaotic Greek talks

German finance minister Wolfgang Schaeuble is open to the possibility of having a single eurozone finance minister with “substantial financial resources” from Germany, according to Reuters, reporting German magazine Der Spiegel’s exclusive. (Business Insider)

IMF cannot join Greek rescue, board told

The International Monetary Fund's board has been told Athens' high debt levels and poor record of implementing reforms disqualify Greece from a third IMF bailout of the country, raising new questions over whether the institution will join the EU's latest financial rescue. (The Financial Times via CNBC)

Romania’s government increases spending after growth upgrade

Romania’s Government estimates a 3.3% economic growth for this year, compared to a 2.5% economic growth estimated when drafting the initial state budget for 2015. (Romania Insider)

Hungarian government increases budget of anti-immigration border fence

The government will spend an additional 22.2 billion forints (€71.8m) on the construction of the border fence along the Hungarian-Serbian border and on temporary shelter for illegal migrants, the government spokesman said. (Hungry Today)

EU reshuffles its diplomatic corps

The European Union’s diplomatic corps is set for its first major staff shake-up since its creation five years ago, with more than 40 senior officials changing positions in September and several new posts being created. (Politico)

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