It says “national parliaments are not in the best position to take [the interest of the eurozone] into account fully” and calls for more involvement of the 27-nation European Parliament.
That is unlikely to go down well in Germany, the biggest contributor to EU financial bailouts, which throughout the crisis has insisted on the need for parliamentary approval of important decisions.
Britain, meanwhile, has been opposed to yielding more authority to EU headquarters and has been joined recently in that opposition by some of the richer eurozone nations, such as the Netherlands and Finland.
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