Eurozone nations that consistently break budgetary rules should be forced to surrender control over their budgets to a European commissioner or else leave the eurozone, said Dutch leaders September 7.
Countries that “systematically infringe the rules must gradually face tougher sanctions and be allowed less freedom in their budgetary policy,” wrote Dutch Prime Minister Mark Rutte and Finance Minister Jan Kees de Jager in their proposal, which was outlined in the Financial Times. They called for the creation of a commissioner for budgetary discipline with “clear powers to set requirements for the budgetary policy of countries that run excessive deficits.”
