Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-11-20-Speech-4-099"

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"en.20031120.4.4-099"2
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"The European Parliament is furious about the initiative taken by the national ministers of finance, who have asked the Intergovernmental Conference to undertake a radical revision of the budgetary provisions of the draft European Constitution. According to Parliament, the ministers want to diminish its powers and restore those of the Member States. In fact, there is more reason to be furious about the draft produced by the Convention, which managed, under the tutelage of the European institutions, to enshrine a huge increase in the budgetary powers of the European Parliament in its articles on the finances of the Union, giving it the same powers as a national parliament, with the exception of the power to levy taxes; moreover, it charged the Council to legislate on the ‘modalities’ relating to the Union's own resources, thereby leaving the door ajar for further developments in the direction of tax-raising powers. To the extent that the Union is funded by its Member States – an excellent rule – it is only right and proper that they should have the last word on the budget, or at least on the multi-annual financial framework. If this were not so, the European Parliament would be free to vote for expenditure matching its inflated perception of its own powers. We therefore consider the finance ministers’ initiative to be justified, and so we refused to vote for the resolution of the European Parliament."@en1

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