The Duran
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EU leaders agree to debt mutualization with digital & green taxes
Posted
July 23, 2020
Views
26,574
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2,488
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July 23, 2020
26,574
2,488
303
10.50%
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16:33Now PlayingThe Duran Quick Take: Episode 606.
EU leaders agree to debt mutualization with digital & green economy taxes.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the EU's coronavirus recovery fund, where EU leaders agreed to a historic slush fund for the bloc, doling out €750 billion in grants and loans.
The EU has taken to itself the legislative and executive powers found in a national government, as well as spending powers.
Evans-Pritchard wrote, “Where else in the world does a single unelected body have the ‘right of initiative’ on legislation, and the executive powers of a proto-government, and the spending prerogatives of a parliament, all wrapped in one?”
Evans-Pritchard warned that this power is “bordering on totalitarian in constitutional terms, mostly unchecked by meaningful parliamentary oversight.”
#EU #RecoveryFund #AngelaMerkel #TheDuran
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