Sarah Marsh and Sophie Taylor
BRUSSELS (Reuters) - European Union finance ministers agreed on Tuesday to increase monitoring of member states' economies from January as part of efforts to tighten budget discipline and prevent new economic crises.
The ministers gave final approval for Estonia to join the euro zone on January 1 and opened excessive deficit procedures against Finland, Cyprus, Denmark and Bulgaria -- a process under which they could be punished for breaking their deficit targets.
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EU ministers back closer budget surveillance