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Few things everyone should understand on the EU's #RecoveryFund . 1/5
1) It's utterly inefficient in 'resuscitating' the European #economy .
2) It breaches Articles 122, 125 and 310 of the TFEU.
3) It would push the EU into a state of unlawfulness. https://reaction.life/eu-recovery-fund-is-fiscal-union-by-the-back-door/
1) It's utterly inefficient in 'resuscitating' the European #economy .
2) It breaches Articles 122, 125 and 310 of the TFEU.
3) It would push the EU into a state of unlawfulness. https://reaction.life/eu-recovery-fund-is-fiscal-union-by-the-back-door/
4) It would create an "EU-layer" of debt, which would be increased again and again.
5) It has nothing to do with the coronavirus, but the failure of the euro, which is shown, e.g., in the criteria according to which funds are distributed.
2/ https://reaction.life/why-is-the-euro-and-the-eu-allowed-to-cost-almost-anything/
5) It has nothing to do with the coronavirus, but the failure of the euro, which is shown, e.g., in the criteria according to which funds are distributed.
2/ https://reaction.life/why-is-the-euro-and-the-eu-allowed-to-cost-almost-anything/
6) It'd not solve the over-indebtedness problems of #Italy or #Spain, who declined fin. assistance from the ESM.
7) It would encourage weaker member countries to go deeper into debt.
8) It would not be "one-off", but it would create a fiscal union. 3/ https://reaction.life/the-disastrous-stealth-federalisation-of-the-eu/
7) It would encourage weaker member countries to go deeper into debt.
8) It would not be "one-off", but it would create a fiscal union. 3/ https://reaction.life/the-disastrous-stealth-federalisation-of-the-eu/
9) It would destroy all incentives to fiscal austerity and fiscal discipline in weaker member countries.
10) Fiscal union would require EU-wide taxation.
11) Fiscal union would eventually turn citizens of southern and northern European countries against each other.
4/
10) Fiscal union would require EU-wide taxation.
11) Fiscal union would eventually turn citizens of southern and northern European countries against each other.
4/
Thus, if the Finnish parliament does not ratify the #RecoveryFund it will eventually save the EU from itself.
@kokoomus @iainmartin1 @dlacalle_IA @AndreasSteno
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@kokoomus @iainmartin1 @dlacalle_IA @AndreasSteno
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