Likewise, fiscal union means giving the European Commission (or, alternatively, a European Treasury) the authority to veto national budgets. It means that some portion of members’ debts will be mutualized: individual governments’ debts would become Eurobonds, and thus a joint obligation of all members.
同样，财政联盟意味着给予欧盟委员会（否则就是一个欧洲财政部）否决国家预算的权威。这意味着成员国的某部分债务将会被重组：单一政府的债务将变成欧洲债券，并因此产生一个所有成员国共同承担的联合责任。委员会（或财政部）将随后决定需要额外发行多少欧洲债券以及代表谁来发行。