Jul 23 2020 16 mins 37
The 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.”
