Wednesday 26th. The Parliament was dominated by the President of the European Commission Jean-Claude Juncker’s announcement of his plan to stimulate European economies.
President Junckers plan is to invest €315 billion. However the EU hasn’t actually got €315 billion to spare. The plan is for only €21 billion from the EU’s budget to be invested and the rest to come from private investment. The plan has been described as an economic miracle equivalent to the feeding of the 5,000 with five loaves and three fishes.
The only sure way to revitalise Europe’s economies is to abandon the euro, return euro-zone countries to national currencies, and to relieve businesses of much of the massive burden of EU regulation. Millions of people are out of work in eurozone countries because of their inability to compete while saddled with a common exchange rate with better performing economies. The ranks of Europe’s unemployed will continue to grow while the euro exists and no amount of make-believe money will help them.
Thursday 27th Of the ten items on the voting agenda today one was Motion of Censure, and nine were Resolutions. None had any legislative effect.
The Motion of Censure was against the Commission as a whole but based on the unsuitability of President Juncker to be President because of his responsibility when Prime Minister of Luxembourg to allowing numbers corporate tax avoidance schemes to be set up. The vote was as follows:
The motion was always going to be lost but it is significant that those voting for or abstaining amounted to almost one third of those voting. Hardly a ringing endorsement of President Juncker and his Commission.
The Resolutions we voted on are essentially wish-lists of what MEPs would like to happen. Again, they have no legislative effect. However such Resolutions always contain calls for the EU to take action or accrue more power to itself.
Some of the points contained in them are indeed worthy and cannot be objected to. In those circumstances UKIP MEPs abstain. But we never vote for on the basis that we do not want the EU to exercise the rights of a political state. This should be the sole prerogative of sovereign nation states.