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Increasingly compelled to shoulder the burden of saving the eurozone, Germany has named the price its neighbour states must pay to be rescued.

German officials want to impose a system of economic surveillance on members of the currency bloc, who would be forced to surrender autonomous control of their domestic budgets to a regional authority.

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Berlin aims to outline proposals for fiscal integration before a European Union summit on Dec. 9, increasingly seen by investors as the last chance to avert a collapse of the currency.

Once an unthinkable encroachment on sovereignty, the plan for a more centralized fiscal regime has now won the begrudging support of France, a country with a nationalist bent generally hostile to such an intrusion.

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“Everyone has reconciled themselves to the fact that if you want to get Germany to cave in, you have got to surrender a lot of fiscal sovereignty,” said Nicholas Spiro, managing director of Spiro Sovereign Strategy in London.