Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-04-12-Speech-2-034"
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"en.20050412.6.2-034"2
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"Mr President, the Committee on Budgetary Control on which I sit does not budget in any meaningful sense and shows very little control. I would just like to remind this House of some of the fundamentals. The European Union’s income comes in an endless stream: percentages of VAT, customs duty and GDP from the Member States. There is no means of stopping this flood of cash and no means of returning it either. If this were an elected government as opposed to a bureaucracy, the very use of this vast sum of money, let alone its distribution, would be far more critically analysed, and accountable democracy demands that surpluses be refunded by the reduction in taxation.
According to the Court of Auditors, the EU has lost some EUR 600 billion over the time since the UK joined, which is more than four times the total net contribution my country has made to this place. Nothing will adequately deal with these problems until and unless the Member States themselves independently set up a genuinely separate, full auditing procedure over the management of all EU funds. The Member States are the paymasters."@en1
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