Dutch, Finnish PMs want strong budget commissioner

AP News
Posted: Sep 26, 2011 10:48 AM
Dutch, Finnish PMs want strong budget commissioner

Finland's prime minister is backing a Dutch proposal to create a new European Commissioner for budget discipline who could compel eurozone nations to control their deficits.

Finland's Jyrki Katainen voiced support for the plan after meeting Dutch Premier Mark Rutte in The Hague.

At a press conference Monday dominated by Europe's credit crisis, Katainan said the continent is facing a challenge of a lack of trust.

He said one way to build confidence is to enforce decisions that already have been made by eurozone members, including the three percent limit on national deficits.

The two leaders declined to speculate on how the European emergency fund should be deployed to rescue Europe's weaker economies. But Rutte said it should "be used in a more flexible manner."