Profile picture
, 3 tweets, 2 min read
My Authors
Read all threads
The EU Commission is not wasting this crisis. The budget for 7 years will have to pay €17.4 bn to eurobond-holders. If this extra revenue comes from new, genuine own resources (and not from national treasuries) the EU will be more like the fiscal union it needs to be 1/
Reaching agreement on the new package requires "full and undivided focus" of all EU institutions, making them thinking strategically and long term. The eurobonds will mature in 30 years. The own resources ceiling will be raised to 1.46% permanently and to 2% temporarily. 2/
In the EU, there's often nothing much impermanent about the temporary. The much-traduced Mr Hamilton would not be disappointed by these proposals. Anti-federalist taboos are being broken. @vonderleyen has done well. @SpinelliGroup @federalists
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Andrew Duff

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @AndrewDuffEU see all

Profile picture
Andrew Duff
@AndrewDuffEU
Yesterday’s lacklustre Eurogroup passed the buck to the heads of government. The European Council tomorrow must shoulder its constitutional responsibility to secure the cohesion of the EU as a whole, and in particular take decisive action to consolidate the euro. 1/
Dealing with the pandemic will exacerbate the structural imbalance between richer and poorer states. The EU has for years evaded the issuance of a mutualised safe asset in the form of eurobonds. The eurozone survives courtesy of @ecb but still without a common fiscal policy. 2/
The #coronavirus crisis is time to rectify this flaw in economic and monetary union. The plague risks the lives of all EU citizens equally, and the social and economic impact will be much worse than the asymmetric shock of the financial crash in 2008. 3/
Read 6 tweets
Profile picture
Andrew Duff
@AndrewDuffEU
Funnily enough, although I can hardly recall what I was up to last week, I am beginning to remember very clearly what I was doing in January 1973. I was coming as a student from @stjohnscam to @IEE_Bruxelles 1/
Joining the European Community felt like sending reinforcements to aid the European cause. The British were adding their weight to the peaceful effort to unify the mainland, rather like our fathers had done in wartime. 2/
Europe wanted the UK to offer much with its parliamentary government and civil liberties. Beyond the arguments over farms, fish and oil, the British contribution to Western security in the Cold War was expected to be of significant lasting benefit to Europe as a whole. 3/
Read 5 tweets
Profile picture
Andrew Duff
@AndrewDuffEU
It was an honour to represent the European Parliament at the intergovernmental conference on the Treaty of Lisbon which came into force exactly 10 years ago. Brussels bigwigs will eulogise the Treaty at a ceremony at the House of History on Sunday. 1/ google.com/url?sa=i&sourc…
The Treaty improved the way the EU is governed, especially by boosting the powers of the Parliament and, quid pro quo, of the European Council. It entrenched the rule of law and democratic practices. It clarified the competences of the Union and streamlined law making. 2/
Lisbon enhanced EU fundamental rights, and helped EU citizens. It was ambitious in foreign and security policy. It provided for more flexible integration by a core group of states, and installed the now famous secession clause of Article 50. 3/
Read 7 tweets

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!