Also reported in Le Monde today. This is going to interesting for our corporation tax regime:
By GABRIELE STEINHAUSER
BRUSSELS—Euro-zone governments have begun discussions about creating a central budget for the currency union aimed at smoothing over some of the region's economic divergences, after Germany indicated support for the idea, European officials say.
..the debate has now shifted to a centralized budget for the euro zone that could be financed by rerouting a slice of national taxes, such as corporate tax or value-added tax, to Brussels, rather than issuing euro bonds, according to European officials.
http://online.wsj.com/article/SB1000...LEFTTopStoriesThe idea was included in a paper on the overhaul of the euro zone prepared by European Council President Herman Van Rompuy, which formed the basis of bilateral talks between the council and member states in Brussels last week.