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EU Presidents Plotting New Phase of Integration

Wednesday, August 5, 2015 | Tag Cloud Tags: ,

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European Parliament

(Worthy News) - European Commission President Jean-Claude Juncker has collaborated with four other top Eurocrats to produce a blueprint on the future of the EU, the UK Express reported.

The so-called "Five Presidents' Report" was slipped out last month virtually unnoticed at a Brussels summit dominated by the Greek bail-out emergency and the migrant crisis.

Yet the document outlines plans for another hugely ambitious advance in European integration.

It details proposals for "completing" an economic union in the 19-nation eurozone and for strengthening the already sweeping powers of Brussels institutions over the rest of the EU.

Under the plan, the power of the European Parliament is to be extended and national budgets are to come further under Brussels control. [ Source ]

Plans for Euro-Zone Tax Take Shape

European Central Bank (ECB) President Mario Draghi wants stricter rules for the banking union. French President François Hollande is calling for a separate economic government for the monetary union. And in Brussels and Berlin alike, financial experts are devising plans to provide the Euro Group with the same tool that has proven to be so successful throughout history: its own tax.

If the plans were implemented, it would constitute the breaking of a taboo for the Continent. The people are used to the fact that some powers are shifted to Brussels as part of European unification. But there is one thing even the most devoted proponents of Europe had shied away from until now: giving the EU the right to impose taxes, a power many felt the member states should retain. It had long been a given that this was something the European people would never accept. [ Source ]

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