
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.
Greece: Eurogroup must address the causes and not just the symptoms of the crisis
Ahead of tonight's Eurogroup meeting to finalise the terms of the new bailout for Greece, Guy Verhofstadt, Liberal and Democrat group leader in the European Parliament, underlined that the Troika plan only addresses the symptoms...
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Verhofstadt: "Monti reforms could be a model for Greece"
Debating the current economic crisis in the Eurozone with Italian Prime Minister, Mario Monti, today. Guy Verhofstadt, ALDE group leader said:
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Stability bonds: An option that must be further explored
Today, through a resolution, the European Parliament gave a first response to the official consultation launched by the European Commission last November 23rd 2011 on the "feasibility of introducing stability bonds". On the same...
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