Taking responsibility

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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.

News

No Single Supervisory Mechanism until an agreement is reached with the ECB

22/05/2013

The European Parliament voted today on the deal reached with Council last March on a Single Supervisory Mechanism (SSM), the first building block of the Banking union. The Parliament though decided to hold the final vote adopting...
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Main lesson from Cyprus is our need for a definitive EU bank resolution fund

17/04/2013

The European Parliament debated today the financial and economic situation in Cyprus following the EU rescue plan which has been badly handled and showed once again a lack of coherence and vision at EU level.
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Merkel and Schäuble are condemning the Eurozone to death by a thousand cuts

15/04/2013

After more than four years of sustained financial crisis and ad hoc policy measures, the Cypriot experience has demonstrated just how fragile and unstable the current foundations of the Euro are.
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