Thursday, February 27, 2014

EU makes budget plea to Italy's 'Super Mario'

Former (unelected*) Italian prime minister Mario Monti has been handed the thorny task of finding new sources of funding for the EU budget, European authorities announced on Tuesday.
Europe's leaders are hoping Monti's pedigree will help in formulating new funding ideas to avoid the deadlock that occurs every seven years when the 28-member bloc debates its common budget.
Aware of the uphill challenge he faces in leading a working group on the subject, Monti joked that one of the reasons he took the job was "a great curiosity about a subject that is practically impossible to resolve."
Source and full story: The Local (Italy), 26 February 2014
* added by Tom, not in the original

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