Angela Merkel: EU Must Be Able To Veto National Budgets

EU member states pass budgets that don't follow the rules because who's going to stop them?

The German chancellor has called for the EU to be given the power to veto member states' budgets, hours before leaders meet in Brussels for a summit.

Angela Merkel said the economics commissioner should be given clear rights to intervene when national budgets violated the bloc's rules.