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EUobserver / Belgian ex-PM accuses commission of inaction in face of crisis

EUOBSERVER / BRUSSELS - Ex-Belgian prime minister Guy Verhofstadt has strongly criticised the European Commission for failing to be more active in tackling the current economic crisis.

Mr Verhofstadt, who heads the Liberal list in Belgium's Flanders region for the June European elections, accused the commission of staying "silent" in the face of Europe's recession.

Guy Verhofstadt heads the Liberal list in Belgium's Flanders region for the June European elections

"It is the duty of the commission to take the initiative", said the politician, referring to the institution's right to propose laws.

Speaking in Brussels to promote his new book, Emerging from the crisis, how Europe can save the world, Mr Verhofstadt, a strong EU federalist, said the only way to bolster the EU is to massively increase it's spending, recapitalise banks, issue eurobonds, set up a European financial supervisor and a single European bank for bad assets.

by Fran (fran at eurotrib dot com) on Wed May 13th, 2009 at 02:40:50 PM EST
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