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The Danish People’s Party is threatening to veto the Danish tranche of the EU’s emergency fund, which was agreed at the weekend to stabilise markets, in protest against EU commission plans to require national budgets to pass through Brussels before presentation in national Parliaments.
Finance Minister Claus Hjorth Frederiksen is reported to have promised nine billion kroner as Denmark’s tranche of the fund, which was designed to stop speculation about the Greek economic crisis spreading to other EU countries. The tranche would only be paid out if necessary to rescue another EU country.
