Late yesterday, Estonia joined the 10 countries that plan on implementing a Financial Transaction Tax (FTT), due to the lack of agreement on implementing an EU wide Tax.
The 11 countries who will implement the tax next year are:
According to Commission President, Jose Manuel Barroso
“This tax can raise billions of euros of much-needed revenue for member states in these difficult times. [..] This is about fairness – we need to ensure the costs of the crisis are shared by the financial sector instead of shouldered by ordinary citizens.”
But where will this money go? One suggestion is that this tax revenue would go into a Eurozone budget as all 11 countries use the Euro. While Development NGOs argue that the revenue should go towards those most in need in developing countries.
The Tax this has a way to go before it comes into force, and still has to be approved by the majority of Member State’s at council level as well as the European Parliament.
The EU-wide tax was shelved following opposition from Ireland, Luxembourg, Malta, Poland, Sweden and the United Kingdom, who fear being at a disadvantage in the absence of a World-Wide Tax.
More states can still sign up to this, but until details on the amount of tax charged on financial transaction and where the revenue goes is agreed, it is doubtful if the number of states involved in this enhanced co-operation will increase..
Ronny has a good post on his blog why the next the European Parliament Elections will be different from past ones. This election will quiet important with both the Party of European Socialists (PES) and the European People’s Party (EPP) putting forward agreed candidates for the post of President of the European Commission.
There is also the possibility of the Pirate Party becoming a European political force as they will be running in most of the countries of the European Union. A conference on a European Pirate Party is taking place this weekend in Prague.
But this is not the case in Ireland. With the elections taking place on the same day as the Local Elections in 2014 much of the focus in Ireland will be on national parties and how they are doing with very little to do about how their European Parties are doing.
Another reason for this is that will be the current MEP’s running again. While we have already seen 3 changes in our MEP’s since 2009. Paul Murphy replaced Joe Higgins in Dublin and Phil Prendergast replaced Alan Kelly in April 2011 following the General Election. In February this year Emer Costello replaced Proinsias De Rossa as he retired from the Parliament. It is unlikely there will be a change in who is running.
While Dublin could see a seat up for grabs if Paul Murphy can’t get the votes that Joe Higgins got in 2009. But I doubt there will be major changes in any of the other Euro Constituencies.
Another reason why the European Elections won’t be as exciting in Ireland is that we have no Pirate Party. The Pirate Party Ireland/Páirtí Foghlaithe na hÉireann was founded in May 2009 and had over 300 members in 2010 meaning they could register as a party, but in 2011 the party winded down after not standing in any election.
There is a hope that an Irish Pirate Party may be started up again and therefore make the European Parliament Elections here more interesting, but they have 2 years to do it.
A group of nine Spanish Bloggers have come together and written a Manifesto on things to improve Europe. There isn’t any political slant to this apart from trying to improve democracy within the European Union and improve the EU itself. Some other bloggers and tweeters are getting behind this.
The Manifesto is in English below, but the Manifesto is translated into other languages on the website for the campaign.
Some good ideas in this, especially single European Seat and of course an elected Commission President. Lend your support to this campaign by signing up here
Taoiseach Brian COWEN, Fredrik REINFELDT, President of the European Council, and José Manuel BARROSO, European Commission President and others
I am writing to urge you to do all that you can to ensure the crucial EU Council meetings at the end of October deliver clear EU commitments to deal with climate change. These must put the needs of the world’s poorest people – who are being hit first and worst by climate change, but who are least responsible for causing it – at their core.
The Council meetings at the end of October provide the opportunity to finally agree an EU position: this may be your last chance to agree firm commitments ahead of the crucial UN climate summit in Copenhagen this December. The right EU offer in October can set the global talks ahead of Copenhagen alight, and give us all the best possible chance of tackling the climate crisis.
To do this the EU must commit in October to:
* providing an additional €35bn per year by 2020, to help poor countries to adapt to the effects of climate change and to develop in a low-carbon way. Not only does the EU have a historical obligation to do this, but it has the money to finance it.
* guaranteeing that the money generated from the laws you and your fellow European leaders agreed last year, requiring heavy industries in Europe to pay for their carbon pollution, will be directed straight to the people that need it most in tackling climate change. This money is a drop in the ocean compared to the billions raised to bail out banks since last year.
* crucially, this €35bn must be new public money, not taken away from existing aid commitments. The response to climate change should not come at the expense of investments in vitally needed services in poor countries, such as hospitals and schools.
* agreeing a target for reducing its greenhouse gas emissions strong enough to avoid catastrophic climate change. This too is vital to break the deadlock in negotiations in the lead up to Copenhagen. The EU should agree a reduction of 40%, from 1990 levels, to be achieved by 2020.
I urge you to do all you can to ensure the EU takes this month’s vital opportunity to make these firm commitments on climate change. Failure to help poor countries adapt to climate change and develop in a low-carbon way, and to prevent future catastrophic climate change, is simply unthinkable.
The above is a letter sent by me as part of an Oxfam International campaign on Climate Change. You can send you own letter by visiting Oxfam’s website and filling in the details
The newly elected Parliament looks set to become deadlocked over the nomination of the next European Commission President.
Jose Manual Barrosso has the backing of the EPP, and thats about it. The new European Conservative grouping could be persuaded to back him too. I doubt they could persuade Ind/Dem to back him publicly but they may vote for him.
The other candidate Guy Verhofstadt has the backing of GUE/NGL, Greens-EFA, PES ASDE and ALDE.
Unfortunatley neither side have a majority in the Parliament.
This could mean a very long summer of talking and such to try and cobble together a majority or it could mean a compromise candidate with which no one will be 100% happy with.
Now I’m not sure if I want to see Barrosso re-elected. I have read a few things lately from him that I wasn’t happy reading.
Now I’m not sure if I want Verhofstadt elected either, mainly as hes a leftist candidate.
Its going to be a long summer, and I don’t think I’ll be happy with who ever is elected President of the Commission. I wonder will the Parliament feel the same?