Greek Grief-News Analysis-01-28-2012

Government sources say Greece will not cede control of its budget to the European Union. They've described the issue as a matter of national sovereignty.

The Financial Times had reported that an EU commissioner would be able to veto budget decisions made by the Greek government. It said the proposal was circulated to other euro-zone officials by Germany on Friday. A European source in Germany has confirmed the report.

The control over Greece's budget has been set as a condition to grant the country a second international bailout. This edition of News Analysis discusses the issue.

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News & Politics

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• Greek Grief
• News Analysis
• 2012
• Government sources
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• budget
• European Union
• Max Keiser
• Barak Obama
• Yoshihiko Noda
• Rollin Amore
• Investments
• Shabbir Razvi
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• national sovereignty
• Financial Times
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• veto budget decisions
• proposals
• euro-zone officials
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