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Merkel got the message. "I believe that we are having a discussion that we shouldn't be having," she said entering the summit. Other European leaders have said that the Commission, the EU's executive, needed the power to block bad spending decisions, but not only in Greece but also other highly indebted countries. But taking over the leadership of budget went too far. "It can only be put in place by the Greeks, in a democratic way," said Sarkozy. Ever since Greece threw the eurozone into financial turmoil in 2009 when it admitted previous governments had played down the amount of debt, it has been criticized as a profligate nation living off the wealthy northern nations. It has since committed itself, under often intense pressure, to slowly move back toward a degree of fiscal discipline.
[Associated
Press;
Copyright 2012 The Associated
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