Greece is EU's touchstone

The EU wants to submit the Greek budget to strict controls. Greece's economic weakness can become the Eurozone's touchstone for a common European strategy, writes the liberal daily La Stampa: "The International currency market will be watching carefully to see how European authorities guide the Greek parties. Especially since this particular case, which is limited and resolvable in itself, presents an important test of the ability of the Eurozone to centralise strategic aspects and common monitoring of the economic policies of member states. ... The European Parliament should quickly create the new central administration as recommended by the Council, within the framework of the reorganisation and centralisation of the monitoring process."

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