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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