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EU budget talks break down
The Telegraph ^
| 11/11/2010
| Bruno Waterfield in Brussels
Posted on 11/12/2010 12:13:31 AM PST by bruinbirdman
Talks broke down on Thursday night after the European Parliament demanded a say over new EU taxes as the price for dropping a Brussels budget demand that would have cost British taxpayers an extra £880 million next year.
A rather empty looking European parliament during the mini plenary session in Brussels
MEPs were told by national finance ministers that their ultimatum that the parliament should have a direct part in giving the EU tax raising powers after 2013, was "completely unacceptable".
Justine Greening, the Economic Secretary to the Treasury, said that Britain had been joined by Germany and other countries in refusing to begin a discussion "on effectively an EU tax".
"It was clear that today's meeting was neither the time nor the place to be talking about broader issues that are separate from the budget 2011 discussion that we needed to have," she said.
"It made it impossible for there to be agreement."
MEPs support the idea that Brussels budgets can be funded by EU taxation via "a separate EU VAT rate, a share of an EU energy tax or of an EU corporate income tax", rather than from resented contributions from national treasuries.
Last month the parliament voted for a £6.5 billion Brussels budget increase, in a bid to increase EU expenditure by six per cent to £114.5bn next year.
Two weeks ago at a summit in Brussels, David Cameron rallied Germany, France and 11 countries in opposition to the rise which came at time of deep cuts to public spending in Britain. An agreement secured by the Prime Minister, who abandoned a previous pledge to freeze EU spending, set a maximum 2.9 per cent ceiling for the increase.
During bad-tempered negotiations that lasted six and half hours, MEPs said they would only accept
(Excerpt) Read more at telegraph.co.uk ...
TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events; United Kingdom
KEYWORDS: davidcameron; eu; euro; fiat; g20; seoul; unitedkingdom
To: bruinbirdman
2
posted on
11/12/2010 1:15:05 AM PST
by
allmost
To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
Talks broke down on Thursday night after the European Parliament demanded a say over new EU taxes as the price for dropping a Brussels budget demand that would have cost British taxpayers an extra £880 million next year. MEPs were told by national finance ministers that their ultimatum that the parliament should have a direct part in giving the EU tax raising powers after 2013, was "completely unacceptable". Justine Greening, the Economic Secretary to the Treasury, said that Britain had been joined by Germany and other countries in refusing to begin a discussion "on effectively an EU tax"... Two weeks ago at a summit in Brussels, David Cameron rallied Germany, France and 11 countries in opposition to the rise which came at time of deep cuts to public spending in Britain. An agreement secured by the Prime Minister, who abandoned a previous pledge to freeze EU spending, set a maximum 2.9 per cent ceiling for the increase.
Thanks bruinbirdman. It should be amply clear to all world leaders that Obama's not really lying all the time, he's just too stupid to know what his puppetmasters are having him say. When he throws a private tantrum and sez he won't do it anymore, they sent him on a golf outing, shopping trip with Michelle, or pickup game of hoops, and he's good to go for a little longer.
- Liberal Democrats in coalition rift over sovereignty bill to curb EU [11/11/2010] -- ...the European Union bill which guarantees that any changes to EU treaties that "moves a power or an area of policy from the UK to the EU" will have to be approved in a referendum. Clegg, a passionate pro-European, agreed to the bill after David Cameron abandoned plans to repatriate social and employment laws. In an attempt to reach out to Tory Eurosceptics, who are angry after Cameron abandoned his campaign for a cut or a freeze in the EU's £107bn budget next year, Lidington has ensured that the bill defines in minute detail what constitutes a transfer of power...
- Cameron urges G8 to follow Britain's 'unavoidable' cuts as he faces off against Obama at summit [6/27/2010] -- The Prime Minister last night defiantly rejected U.S. criticism of the decision of Britain to tackle deficits with massive cuts and tax rises. David Cameron heightened tensions with President Barack Obama over spending cuts by calling for all major economies to take 'unavoidable' belt-tightening steps as quickly as possible. As the pair prepared to meet for the first time on the world stage, the Prime Minister went out of his way to point out that Britain had demonstrated with this week's emergency Budget that 'we will start to live within our means'. He said all G20 countries had to 'start by setting out our plans for getting our national finances under control'. He said Canada, the summit host nation, knew the importance of speedy action having embarked on a 'tough and successful' programme of spending cuts to get debt down in the 1990s.
- Obama: I Promise To Cut The Deficit In Half By 2013 [6/27/2010] -- President Barack Obama on Sunday welcomed an international commitment for rich countries to slash their deficits in half by 2013, despite his earlier warnings against halting stimulus spending too abruptly. "We can't all rush to the exits at the same time," Obama told a news conference at the conclusion of a summit of the 20 major industrial and developing economies... Obama spoke after G-20 leaders issued a statement calling for "advanced" nations to cut their budget deficits -- as a proportion of gross domestic product growth -- in half by 2013, and to put their annual deficits on either a lower or more stable basis by 2016.
- Americans can't buy the world's prosperity: Obama [6/27/2010] -- Debt-ridden Americans can no longer "borrow and buy" the world's way toward prosperity, US President Barack Obama has said, warning new drivers of growth were needed to fuel global recovery. "After years of taking on too much debt, Americans cannot -- and will not -- borrow and buy the world's way to lasting prosperity," Obama said at the end of G20 talks focused on ending the lingering effects of the economic crisis..."No nation should assume its path to prosperity is paved with exports to America. Indeed, I've made it clear that the United States will compete aggressively for the jobs and industries and markets of the future," he said. Obama has vowed to double US exports in five years. He won some backing from his G20 partners... As part of the effort to remake the global recovery Obama insisted that countries must not have any "undue advantage," urging China to allow its currency to strengthen.
3
posted on
11/14/2010 11:20:44 AM PST
by
SunkenCiv
(The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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