FRANKFURT (MNI) – Countries breaking Eurozone fiscal rules could
have to pay a collateral deposit of 0.2% of their GDP under a new
proposal to be unveiled next week by European Economic and Affairs
Commissioner Olli Rehn, German daily Financial Times Deutschland
reported Thursday.
Without citing sources, the paper said that Rehn will propose such
a rule on Monday evening to EU finance ministers. The violating
countries would be required to put up the deposit if they were placed by
the European Commission into an excessive deficit procedure.
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