But later there could be a parallel system, based on withholding future EU payments, for those outside the euro.

ECONOMIST: Charlemagne

The European Commission this week offered some ideas, from more intrusive and early collective monitoring of national budgets to an incentive system where profligacy is punished by withholding EU funds.

ECONOMIST: The euro and the future of Europe

Because the system for making these disbursements to the states is fully automated, withholding the funds will require manual intervention that will in fact increase administrative costs for the federal government.

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