
Rethinking the Budget introducing own resources
In order to provide greater investment in areas where it is most needed, and to make use of the huge economies of scale the Union can provide, some form of EU long term financing is required. More specifically, the question of the Union's revenues needs to be addressed. The long overdue budget review is required in order to overhaul the Union's financial system. The only way to end the entrenched debate between those countries that contribute and those that receive is the introduction of genuine own resources. This will also involve the citizens directly with the European budget debate.
The euro is also of vital importance and in the crisis has proved that the Union stands stronger together. We need to move fast towards the extension of the euro zone thereby bringing much needed stability to some of our newer Member States. Whilst investment in infrastructure is currently required in order to pull us out of recession the precept of the stability pact must not be forgotten and all Member States must demonstrate their commitment towards renewed fiscal rectitude.
ALDE welcomes a 2012 budget that combines rigour and growth
ALDE welcomes the positive outcome of the 2012 budgetary procedure which confirms the initial analysis that the EU budget should both comply with the rigor that affects all national budgets, and participate in investment needed...
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Verhofstadt: Merkel and Sarkozy threaten the continued existence of the Euro
At a debate today in the European Parliament, Guy Verhofstadt urged the leaders of France and Germany to set aside short term national interests in favour of the survival of the EU:
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Reforming Financial Regulations: The EU budget can guarantee the EFSF and be replenished by the surplus of the previous year
In its technical aspects, the recasting of the Financial Regulations, approved today during the first reading by the European Parliament in the Strasbourg plenary session, simplifies procedures and lays the foundation for a new...
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