EU 2013 budget talks end in failure

Comments (2)
Willvp wrote:

The EU keeps spending as if there is no tomorrow….while at the same time the member governments are battling to make ends meet.

Implosion from within is on order!

Nov 09, 2012 3:19pm EST  --  Report as abuse

And so we come down to the real question: who has sovereignty when it comes to taxation and spending – the European Parliament or the Council of Ministers (who represent national governments)? This is another big fault line in the EU project (in addition to the structural problems with monetary union) and will become more of an issue as the power of the EU grows at the expense of the nations.

Nov 09, 2012 3:28pm EST  --  Report as abuse
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