EU needs a budget minister

BusinessEconomy ♦ Published: July 1, 2010; 00:00 ♦ (Vindobona)

For Austrian National Bank President Raidl, the Euro is a success story, however "the monetary union only functions as a political union "I think the Euro is a success story," said the President of OeNB and the Chairman of Voestalpine Claus Raidl to t

EU needs a budget minister / Picture: © Vindobona.org

For Austrian National Bank President Raidl, the Euro is a success story, however "the monetary union only functions as a political union

"I think the Euro is a success story," said the President of OeNB and the Chairman of Voestalpine Claus Raidl to the club of economic journalists. To enjoy the Monetary Union, they must also be consolidated on a political union. "We need a…