Rome

Monti plays down plan to create super commissioner

New official with veto powers over national budgets a 'myth'

Monti plays down plan to create super commissioner

Rome, October 29 - Premier Mario Monti on Monday played down reports of a European plan to create a new "super commissioner" with veto powers over national budgets, calling it something of a "myth". The European commissioner for economic and monetary affairs already has powers greater than the competition commissioner, said Monti, citing an observation made by European Commission President Jose Manuel Barroso. German Finance Minister Wolfgang Schaeuble and European Central Bank President Mario Draghi again came out in favour of the new oversight official on Sunday. Monti made his comments at a press conference in Madrid after a bilateral summit with Spanish Premier Mariano Rajoy.

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