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EU leaders agree to debt mutualization with digital & green taxes

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First published at 18:42 UTC on July 23rd, 2020.

The Duran: News - Video - Analysis

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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…

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.”

#EU #RecoveryFund #AngelaMerkel #TheDuran

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