EU rejects call for control over Greek budget (AP)

BRUSSELS ? The European Union's executive body is rejecting calls from Germany to establish a eurozone budget commissioner who would directly control tax and spending decisions in debt-ridden Greece.

The European Commission said Saturday that "executive tasks must remain the full responsibility of the Greek government, which is accountable before its citizens and its institutions."

The Commission, the European Central Bank, and the International Monetary Fund already have unprecedented powers over Greek spending, after negotiating with Athens stringent austerity measures and economic reforms in return for a first, multi-billion euro bailout.

They are reviewing implementation of these measures and discussing a second bailout.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_bi_ge/eu_europe_financial_crisis

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