EU to fine countries posing risk to euro

The proposals include a move to ensure EU countries report borrowing statistics accurately, as well as punishments for countries who fail to manage their economies properly or incur too much debt, the BBC reports. States with national debt consistently above 60% of their GDP will be fined if the new rules are approved. As well as this, states that foster economic bubbles by allowing wages to rise to fast could be fined as well. Protestors against government cuts in Brussels will take to the streets in thousands today as EU President Jose Manual Barroso will present the plans to the Eu...