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

ALDE ready to reject 2011 budget if Council does not consider new system of own resources.

07/10/2010

The Lisbon Treaty puts the European Parliament on equal footing with the Council where budgetary codecision is concerned and the members of parliament intend to use this new power to put into action their fundamental choices.
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Guy Verhofstadt on the resolutions on economic governance and Europe 2020

29/06/2010

This is a unique moment for the European Parliament. For the first time, a large majority of the Parliament (EPP, S&D, ALDE and Greens) comes forward with a common strategy on a strengthened economic governance and a more...
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2009 Discharge: European Commission and Member States under scrutiny

06/04/2010

The European Parliament's budgetary control committee will adopt its draft report today by Jorgo Chatzimarkakis (FDP, Germany) proposing to grant discharge to the European Commission for the 2009 budgetary year. Nevertheless the...
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