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i'm bemused how you make this point as if its nothing of consequence. the power to draft legislation is one of the main powers of any government. and its a power that the elected EP does not have, while the unelected EC does have. the powers of the EP are revise and make amendments, which can...

the European Commission also drafts all new legislation. unlike the European Parliament that, while it can talk around a subject and produce white papers and such, cannot write new legislation. its a talking shop, at best has revisioning powers. in the UK model its equivilent to the Lords in...

except all those powers that have been delegated to the Commission. until such time as the EP argues through a labyrinth of committees to rescind that power (to where it is not clear, a dormant or redundant legistlative state?). your link shows how bureaucratic the EU governance is. what it...

spot on with the design as a response, because the ECB never had any fund raising power, presumably because all the countries in the Euro would never over spend or otherwise require rescuing (yeah... but then the whole EU project is idealistic). it was empowered to raise money for the European...

it was seeded with funds from all countries, to give some assets with which to back the funds raised. so you'r right the money is raised in the market, but everyone in the EU had to put into the hat first.

i thought i'd be the last to defend the EU, but there isnt half alot of bollocks being banded about. there is no "dibs", it will be be brought by those with the cash to buy. if any of the privatisations ever even happen, the original bailout in 2011 had provision for, oddly 50bn worth of...

Junker the EU president wants to use somthing called the EFSM to back some of the Greek bailout. as it was an EU creature, UK will be expected to pay into it, even though at some point in the past the fund was shut down to be replaced by ESM (which is eurozone only).