The new European Commission is pushing for a euro zone budget. That, at least, is the impression created by comments from the incoming commissioners who will be in charge of finance matters.
The idea of greater fiscal integration was brought up by both Pierre Moscovici, the commissioner designate for economic and finance affairs, and Vladis Dombrovskis, the new vice president of the commission with responsibility for the euro, in their written replies to the European Parliament following their confirmation hearings last week.
Members of the incoming commission, which is due to take office at the end of the month, faced tough hearings in the European Parliament. The legislative arm of the European Union has to approve the appointments by the incoming president, Jean-Claude Juncker.