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A parasitic corporate sector has been developing, sucking wealth from the common treasury.
In both cases a small elite uses our common treasury to further its own interests.
Instead it looks like just another squalid little fire sale, liquidating our common treasury to release some emergency cash.
But the 17-state eurozone has no international bank regulator, no common treasury and hardly any budget.
As is now widely pointed out, the single currency was launched without significant political institutions behind it, let alone a common treasury.
That may mean setting up a common treasury and finance ministry for the euro nations, central intervention into national budgets, and more uniform pension and tax policies.
Similar(50)
"Consequently we need a common European agreement".
These three drugs make up one common AIDS cocktail.
Amputation was the most common Civil War surgical procedure.
The state shares a common High Court with Assam.
T-Mobile relied on the more common GSM technology.
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