ECB's Knot backs German call for EU budget commissioner

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BERLIN (Reuters) - European Central Bank policymaker Klaas Knot has thrown his support behind German finance minister Wolfgang Schaeuble's call for a euro zone commissioner with power over European Union nations' budgets. The EU needs not only stricter budget discipline but also stronger debt controls, Knot, who heads the Dutch Central Bank, told German newspaper Welt am Sonntag in an interview published on Sunday. "I welcome the idea ... if we can manage to keep a better eye on these aims it would represent huge progress. It is worth thinking about Wolfgang Schaeuble's idea carefully. ...




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