A quote from Der Spiegel, 5 May 2008

The EU's monetary affairs commissioner has called for far-reaching new powers for the European Commission. He would like Brussels to have greater control over economic policy in euro zone countries – and even wants its members to speak with one voice on the international stage. […] [EU Economic and Monetary Affairs Commissioner Joaquin Almunia] says the Commission should also have a hand in determining “adequate wage developments, flexibility and security on labor markets.”