Monday 19 December 2011

EUROZONE START-UP COSTS ? WHO WILL PAY ?


The EURO bail-out costs, which raised the question "Who pays and how much ?"  does not answer the next questions, which are -

      1) How much will the EUROZONE be charged by the EU, for the costs of its creation, which have logically been paid for in part by the central offices of the EU organization ?  There have been countless very official and less official meetings everywhere in Europe, this year and probably in prior years as well !!!

      2) Will the new EUROZONE TREATY cover the question of overhead cost-sharing in future years ?

These organizational questions raise many problems concerning the costs involved.  For example, will Mr BARROSO, as President of the EU Commission also work for the EUROZONE ?  Similar questions concern the MEPs (Members of the European Parliament). How will costs be apportioned ?

The EUROZONE TREATY must cover these points, before its adoption, before its legal birth !!!  Will electors in each of the European States get the right to vote ?  Only in Ireland is this a guarantee at present !!! 



      

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