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For comparison, the combined total of all European governments' budgets is some €4 trillion a year.
The latest talk is of a wealth tax.Health spending makes up 30-40% of regional governments' budgets.
European Union governments' budgets aren't constrained in that way and are much larger in relation to their economies.
The commission must also influence national governments' budgets much more strongly; the single currency, so the paper argues, requires it.
See articleIn its latest efforts to solve the euro crisis the European Commission set out options for Eurobonds and for more intrusive control of national governments' budgets.
LUXEMBOURG — European Union finance ministers agreed Tuesday on far-reaching steps to tighten oversight of national governments' budgets and crack down on falsification of economic data.
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Another problem is fiscal policy, as slower growth is swelling governments' budget deficits.
The governments budget is in surplus.
This places a strain on government budgets.
Once in power, Government budgets were cut.
In gold-standard countries, government budgets were mainly balanced.
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