EU goes for yet another power grab

[-:Undertaker:-]

http://blogs.telegraph.co.uk/finance...l-ever-closer/

Just when you thought the EU could not go any further down the road towards authoritarian excess, it gets worse. The European Commission is calling for EU powers to vet budgets of the 27 member states before the draft laws have been presented to the House of Commons, the Tweede Kamer, the Folketing, the Bundestag, the Assemblee Nationale, or other national parliaments. It applies to Britain even though we are not in EMU.

Fonctionnaires and EU finance ministers will pass judgement on the British (or Dutch, or Danish, or French) budgets before the elected bodies of these ancient and sovereign nations have seen the proposals. Did we not we not fight the English Civil War and kill a king over such a prerogative? Yet again we are discovering the trick played on our democracies by Europe’s insiders when they charged ahead with EMU, brushing aside warnings by their own staff economists that monetary union was unworkable without fiscal union. Jacques Delors knew perfectly well that this would lead inevitably to a crisis, but it would be the “beneficial crisis” that would force sovereign parliaments to submit to demands that they would never otherwise accept.

This is now playing out before our eyes. Club Med governments have built up €7 trillion sovereign debt under the cover of monetary union, which shut down the warning signals for borrowers and creditors alike. We are now near – or beyond – the point of no return. Eurozone states must go along with this cynical entrapment, or risk economic catastrophe. The conspirators have succeeded. The €750bn shock and awe package agreed over the weekend clearly alters the character of the European Project, crossing the line towards an EU debt union and an EU Treasury. How long will it be now before the EU acquires direct tax-raising powers?

As French president Nicolas Sarkozy said: “We have a veritable economic government”. I hope the excellent and proud French people realise what this means before it is too late, as it is for the Greek, Irish, Portuguese, and Spanish peoples. They are being forced by the logic of the economic machine to squeeze fiscal policy at a time when they are either in recession or trapped in a deeper perma-slump without offsetting stimulus. A Deutsche Bank note to clients said these countries have given up all three instruments of economic control: fiscal, monetary, and exchange. They are powerless. We are under an “EU protectorate”, said Spain’s opposition leader Mariano Rajoy last week, though it was empty, useless rhetoric since he does not draw any of the necessary conclusions from this intolerable state of affairs.

In other words, the European Union is now going for another power grab which will place us even more under the finger of the euro-elite in Brussels. We are now moving towards having our national budgets managed or even created by the European Union which in essence, means electing a British government is nothing but puppetry because the elected government has barely any power of which to resist EU demands as shown last week when the European Union forced Britain to risk £13 billion to keep its shattered monetary union intact - and we were powerless to resist along with our then-Chancellor Alistair Darling who was as much use as a puppet to its masters.

Thoughts, should the EU or the British government have control over national British budgets?

[Jordy]

You know what I'm indifferent about this. Everything suggests it's wrong but if the EU could of stopped our stupid Labour government doing such a thing, I'd certainly be grateful.

[-:Undertaker:-]

You know what I'm indifferent about this. Everything suggests it's wrong but if the EU could of stopped our stupid Labour government doing such a thing, I'd certainly be grateful.

An 'organisation' which hasnt had its audits signed off for the past decade is reliable when it comes to economics/finance?
I mean maybe there'd be some scope for argument if it was financially and economically sound, but its worse than Labour and thats saying something.

[Jordy]

An 'organisation' which hasnt had its audits signed off for the past decade is reliable when it comes to economics/finance?
I mean maybe there'd be some scope for argument if it was financially and economically sound, but its worse than Labour and thats saying something.

Perhaps, I'm unsure that even the EU would get us in debt when times are good.

[immense]

You make it sound like the EU are the root of all evil. They're not doing it for fun.

[-:Undertaker:-]

Perhaps, I'm unsure that even the EU would get us in debt when times are good.

Well when the EU gets its audits checked out (and finishes the disasterous monetary union) i'll give it credit for financial/economic capability, sadly I cant see it ever happening until the entire thing collapse as it will eventually.

You make it sound like the EU are the root of all evil. They're not doing it for fun.

So you are happy with your elected government being powerless in regards to the economy?

[immense]

There you go again! They're not powerless, they can still do what they want within the budget, which is considerable. Has this even been passed yet?

[-:Undertaker:-]

There you go again! They're not powerless, they can still do what they want within the budget, which is considerable. Has this even been passed yet?

That is exactly what happened with agriculture, fishing, social policy (immigration, working times) and the courts - now most of the powers lay with the European Union. So the question remains, are you happy with your laws being made by unelected eurocrats in Brussels? In regards to the timeframe, the article gives a timetable of the introduction.

The project is the creation of a European Superstate which is what these people work towards everyday despite never having asked the people of Europe whether or not they want their nation-states abolished and replaced with a federal europe, so yeah its fun to them.

[dbgtz]

This would make sense if we use the euro as our currency so it prevents large-scaled debt and market crash n ****, but were not.

[alexxxxx]

won't happen.