The EU Parliament slams Commission on economic governance

European Parliament ECON Committee Press Conference on Economic governance "two pack" with European commissioner Ollie Rehn, in charge of Economic and monetary affairs and the Euro. (from left to right) Sharon Bowles (ALDE, UK), Chair ECON • Elisa Ferreira (S&D, PT) and Ollie Rehn. (European Parliament photographic library).

European Parliament ECON Committee Press Conference on Economic governance “two pack” with European commissioner Ollie Rehn, in charge of Economic and monetary affairs and the Euro. (from left to right) Sharon Bowles (ALDE, UK), Chair ECON • Elisa Ferreira (S&D, PT) and Ollie Rehn. (European Parliament photographic library).

European Commission vice President, Ollie Rehn, responsible for Economic and Monetary Affairs and the Euro, delivered a speech in the European Parliament on the “Social pillar of the European Monetary Union-EMU”, which was very ill-received by the legislators. The Parliamentarians yesterday went as far as to comment bitterly in a resolution they issued afterwards, saying that the “Commission should first ensure that the economic governance ‘six-pack’ and ‘two-pack’ are off to a good start. Only then should it concentrate on further initiatives”. This is a clear message to both, the Commission and the Council that the Parliament will not accept any more measures strengthening the draconian controls imposed already on member states’ fiscal accounts.

Economic governance

At this point it has to be reminded that up to now the only concrete and far-reaching legal content that the EMU has in it is the economic governance rules that is the ‘two pack’ and the ‘six pack’. Last February the 20th when the ‘two pack’ was approved by the Parliament the European Sting wrote, {The ‘Two Pack’ introduces new rules to enforce stabilisers on Eurozone countries budgets. In 2011, six new sets of rules, the so called ‘Six Pack’, came into force to strengthen economic coordination among EU member states. The 17 Eurozone countries, however, needed further rules – these are in the “Two Pack”. The main difference between the “two” and the “six” packs is nothing less than the national sovereignty…government budgets in the 17 Eurozone countries will be submitted to national Parliaments after the Commission has given its approval}.

It appears that at that time most of the Parliamentarians approved half-heartedly the new tough legislation on Eurozone’s economic governance. On the one side, Europe was obliged to show to the wide world that it can constrain its fiscal deficits, but on the other the Parliamentarians knew they had collaborated in the violation of their countries’ sovereignty. This was a bitter moment for the Parliament back in February the 20th this year.

Now the Commission comes back and proposes a kind of sweetener, under the heading of “strengthening the social dimension of EMU”. Not a word about enhancing the democratic accountability of the Commission in its new role as the ‘guardian’ of 17 member states government budgets.

On top of that Rehn, despite offering to Parliamentarians this new Commission’s initiative as a sweetener, he didn’t hesitate to embed in it and some more strong measures. While presenting to the MEPs his new proposal he said that, “Finally, the deepening of EMU requires a genuinely integrated labour market. Enhanced labour mobility within the whole EU is important for the efficient operation of the single market as well as to better match work and workers to enable a higher level of employment”.

In reality with this statement Rehn recognises that over the next years workers in the south of Eurozone will not be able to find a job in their home and will be obliged to emigrate northwards. Of course the most suitable place to look for a job will be Germany, and the European Union has to facilitate this. How? By paying for train tickets? In the 1950s young Greek and Italian workers were transported to Germany with ‘special’ trains. Probably Rehn is now ready to organise this new emigration wave from south to north. Last year 34,000 young Greeks went to Germany to work.

In view of that the Parliamentarians were rather disillusioned with the Commission and responded in a bitter way observing that the “Commission should first ensure that the economic governance ‘six-pack’ and ‘two-pack’ are off to a good start”. There is more like that.

The resolution that the Parliament adopted yesterday was full of similar remarks. The very title read like this “Solidarity and democracy must also be part of deeper economic governance”. This is an obvious reference to the lack of solidarity and democracy in the ‘two pack’. The Parliamentary resolution also says that the Commission has not embedded enough democratic control into the new ideas and that tools are needed to help reforms and address social concerns. It was passed yesterday Thursday in Strasburg with a large majority, by 484 votes to 107, with 13 abstentions.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Somalia advancing towards ‘inclusive and peaceful future’ for women, deputy UN chief

Confronting antimicrobial resistance of animal origin

This is how we can feed the planet while saving the ocean

Huawei answers allegations about its selling prices

What makes America the world’s most competitive economy?

Myanmar: Conflict resolution at ‘total standstill’, military commanders must answer for crimes against humanity

To beat hunger and combat climate change, world must ‘scale-up’ soil health – UN

New UN-Syrian Action Plan signals an ‘important day’ for child protection, says UN envoy

How the tech world could make nonprofits a more powerful force

This is the world’s greenest football club – and you’ve probably never even heard of it

Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash

Global Citizen-Volunteer Internships

We need a reskilling revolution. Here’s how to make it happen

European Agenda on Migration: Still fragile situation gives no cause for complacency

It’s not enough to respond to crises. We need to take action before they happen

A third of world’s out-of-school youth live in conflict, disaster-affected countries: UNICEF report

MWC 2016 Live: Industrial world prepares to reap digital benefits

State aid: Commission invites comments on simplified rules for State aid combined with EU support

Why the ECB suddenly decided to flood banks with money?

Commission launches debate on a gradual transition to more efficient and democratic decision-making in EU tax policy

Samsung’s profits fall as cheaper smartphones gain market share

Chart of the day: This is why we need to protect nature’s pollinators

Children are still dying in Yemen war, despite partial ceasefire, says UNICEF chief

Fresh airstrikes kill dozens in conflict-ravaged Syria

Tsipras bewildered with Berlin’s humiliating demands; ECB expects political sign to refinance the Greek banks

The latest emoji are more inclusive – but who approves them?

International co-operation vital to improve integration of refugees

On International Youth Day the European Youth Forum calls for true youth participation

Brexit talks started with a London handicap and Brussels’ sternness

Migrants: ‘A powerful driver’ of economic growth, ‘dynamism and understanding’

Western Sahara: a ‘peaceful solution’ to conflict is possible, says UN envoy

Remarks by President Juncker at the joint press conference with President Tusk ahead of the G20 Summit

From glass ceiling to glass cliff: women are not a leadership quick-fix

EU mobilises further €15.2 million humanitarian support for food safety, epidemics preparedness and support to people in conflict areas in Latin America and Caribbean

EU Commission: The banks are not obliged to finance the real economy

The world’s coastal cities are going under. Here’s how some are fighting back

100 years on, UN labour agency mission focussed on growing inequality, says Director-General

The first new university in the UK for 40 years is taking a very different approach to education

Mass-graves found of at least 535 killed during ‘organized and planned’ inter-communal attacks in western DR Congo

Facebook has built an AI-based tool that fixes the social network when it crashes

Sustainable development funding is broken. Here’s how to fix it

Guterres underscores UN role in achieving a free, secure Internet

World Bank President steps down, Chief Executive assumes temporary role

An Eastern Wind

Rohingya emergency one year on: UN says thousands of lives saved, but challenges remain

Somalis ‘will not be deterred’ by Friday’s terror attacks – UN chief

LGBT community in Chechnya faces ‘new wave of persecution’: UN human rights experts

Cybersecurity should be a source of hope, not fear. Here are 5 reasons why

How voice technology will change your life

Vienna has the world’s best quality of living

EU Justice Scoreboard 2018: justice systems’ key role in upholding the rule of law and EU values

What do toilets have to do with climate change?

Mental health and suicide prevention: why focus on primary care

Syria: ‘Violence, displacement’ and cold kill 11 infants ‘in the past two days’

Main results of Asia-Europe Meeting (ASEM) – 18-19/10/2018

If on a summer’s night: is UK businesses’ “new deal” the only key to the “best of all worlds”?

Will CETA be implemented after eight long years or it will be vetoed by the EU citizen?

Europe and UN form bulwark against ‘might makes right’ worldview, EU foreign affairs chief tells Security Council

WEF Davos 2016 LIVE: The health of capitalism won’t be the only worry for those who head for Davos

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s