Fury over plans to give Brussels MORE powers to meddle in nations’ economies

The EU group – which included Ireland and Holland – demanded the eurozone’s bailout fund was handed more powers to deliberately intervene in national budgets, in a move that will provoke fury among eurosceptic member states who reject further intervention by Brussels.

In a document published yesterday, 10 countries insisted that the European Stability Mechanism (ESM) should be given the authority to check the finances of eurozone countries. But the move would give greater power to Brussels, as the European Commission is currently the only EU institution that assesses eurozone economies.

The ESM – which was set up to help euro countries in financial crisis – must be given “full access to information of the economic and financial situation” of eurozone governments, according to the document.

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