Yet despite this system of rules and oversight, Greece has run deficits above the 3percentt limit every year since joining the euro zone in 2001.
Despite calls from some leaders for shared oversight of budgets and deficit spending, no concrete proposals have been made.
Adding to a deficit in oversight, regulators found, was turnover in Centurion bank's chief compliance officer.
He contended that a proposed end to unanimous voting on the Council would rob the democratically legitimate Member States of their power of oversight, and a "democratic deficit" would result unless the European Parliament were to fill the void.
Despite a multimillion-dollar deficit, ongoing police oversight reforms and depressed utility revenues, a dispute over whether to install sidewalks on two blocks of North Screenland Drive has become a major political hot potato for City Council candidates.
"There is unanimity around the proposition that we need to cut spending, cut the deficit and have vigorous oversight of the federal agencies," Mr. Rogers said.
Nassau's new county executive, Thomas R. Suozzi, said the consolidation would help the county, whose deficits have prompted special state oversight, to function better.
CORAL GABLES, Fla .— For months now, Jeb Bush has been listening as President Obama blasts his older brother's administration for the battered economy, budget deficits and even the lax oversight of oil wells.
The county's mounting deficits required a state bailout and the imposition of the oversight board.
Critics have said that Mr. Gulotta's optimistic sales tax projections in the past were a prime cause of the big deficits that ultimately required a state bailout and the special oversight board.
In the meantime the deficits would be used as an excuse to cut government oversight, inspections and enforcement of rules restricting the activities of big corporations.
