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    Europe split on sanctions for budget offenders: EUX.TV


    door EUXTV

    76 views BRUSSELS - The president of the European Council, Herman van Rompuy, on Thursday kicked off another key meeting in Brussels on the European economy. At the table... the EU's 27 presidents and prime ministers, including German chancellor Angela Merkel, French President Nicolas Sarkozy and the new UK Prime Minister, David Cameron. The member states looked to be in broad agreement on ways to strengthen budget discipline and economic policy coordination, but as usual, the devil is in the details. Diplomats said plans for tough sanctions on countries such as Greece were still controversial because they can potentially exacerbate the economic crisis and put eastern European countries at a disadvantage. Distributed by Tubemogul.