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Give Brussels power to veto Britain`s tax policies, urges Euro bank chief
Date 05/06/2011 22:35  Author webmaster  Hits 995  Language Global
5 JUN 2011

By Tim Shipman | Mail Online

The boss of the European Central Bank sparked anger yesterday after demanding the right to veto the economic policies of EU governments.

Jean Claude Trichet  put himself on a collision course with George Osborne after he called for the creation of a European finance ministry with sweeping powers to meddle in tax and spending policy.

The Frenchman said he wanted to see central control from Brussels ‘well over and above the reinforced surveillance that is presently envisaged’.

Britain has already rebuffed attempts by the European Commission to see details of the Chancellor’s budgets before they are delivered.

Now Mr Trichet says an EU finance ministry is vital for ‘strengthening the institutions of economic union’.

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