Schäuble proposes reform of European Commission competences

German finance minister Wolfgang Schäuble has proposed pruning and reordering the competences of the European Commission in light of its euro crisis role and its ambition to become a “European government”. (Irish Times)

According to the”Frankfurter Allgemeine Zeitung“‘s report, Schäuble feels that EC president Jean-Claude Juncker exceeded the body’s remit in recent negotiations over new loans for Greece.

The German finance minister has often stated that the EC was not empowered to negotiate over Greek loans, but that this was the task of the Eurogroup – made up of eurozone finance ministers – as the representative of European creditors, the paper said. (Deutsche Welle)