Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-11-05-Speech-3-083"
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"en.20031105.7.3-083"2
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"Mr President, the performance of the Council of Economic and Finance Ministers causes me great concern too. Yesterday, one of its principal members, the British Chancellor of the Exchequer, attacked the proposals from the Convention as threatening to bring about a federal state with centralised fiscal policy. This is a grossly false accusation displaying a regrettable prejudice against the work of the Convention.
Then Ecofin tries to subvert the package on the financial system. Its reactionary proposals appear to want to move away from QMV to permanent unanimity on the financial perspectives, and also to remove Parliament’s right of assent. They want to retreat from the ordinary law towards Council law and to remove Parliament’s last word on the budget. One certain consequence of this would be an increase in the overall expenditure of the budget. Without being able to out-vote troublesome and perhaps greedy Member States, the Union will be obliged to have protracted and public rows ending in costly concessions.
In effect, the Finance Ministers are seeking to suppress this Parliament’s role as a partner in the budgetary authority. They are imposing treasury autocracy upon parliamentary democracy. The power of the purse is a core function, a most central and long-standing power of the parliaments in all our Member States. Should the proposals of the Ecofin Council be allowed to prosper at the IGC, this Parliament will be reduced to a pale mockery. The autocrats will have won out over the democrats."@en1
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