
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.
EP budget for 2014: Parliament must continue to show restraint
The European Parliament adopted today the preliminary estimates of revenue and expenditure for its 2014 financial year - the first phase in the EP budget process. This first set of figures presented in February by the Secretary...
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Strengthening EU banks and curbing excessive bonuses
The European Parliament formally adopted today the agreement reached last February with Council and Commission on updated prudential banking rules referred to as CRD IV, establishing minimum capital requirements for Europe's...
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EU Agencies: Improved cooperation needed for better performance
The European Parliament's Budgetary Control Committee today voted on 30 reports related to the 2011 accounts of the EU decentralised Agencies and the 7 Joint Undertakings. The Committee adopted suggestions by Gerben-Jan GERBRANDY...
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