Hans-Olaf Henkel said the move broke historic promises made by European giants like Helmut Kohl and Gerhard Schroder and claimed the justification
Hans-Olaf Henkel said the move broke historic promises made by European giants like Helmut Kohl and Gerhard Schroder and claimed the justification for the measures was a “poor camouflage” for the real intention – to create a United States of Europe. The package of measures – which includes £350billion (€390billion) in non-repayable grants, was agreed last night after a marathon four-day summit in Brussels, amid much fractious wrangling.
Dutch Prime Minister Mark Rutte attempted to present the €390billion euro figure as a victory, with the so-called “frugal four” of the Netherlands, Austria, Denmark and Sweden digging their heels in to force a compromise after objecting to the €500billion originally proposed.
And German Chancellor Angela Merkel subsequently hailed what she called the “historic” agreement.
However, former German MEP Hans-Olaf Henkel, who stood down from the assembly last year, was certainly in no mood for celebration.
Mr Henkel told Express.co.uk: “I also regard this agreement as ‘historic’ but in a different way as pronounced by Merkel, Michel and von der Leyen: it finally pulls the rug under the EU’s competitiveness and its entire future as a leading force in the world.
“The €390billion non-payable grants to be paid by EU countries of the north for the benefits of countries in the south are introducing a serious ‘moral hazard’ into the political system of the EU.
“From now on a politician for instance in Italy can spend the money of for instance Austrian tax payers for the benefit of his personal popularity.
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“That’s why since yesterday the EU is also officially a ‘transfer union’.
“No one in Texas would ever send money to bail out, say, California, although the US is one nation.
“But the EU, which is still far away from being one state, is now transferring funds from one country to another.”
The remainder of the package is made of €360billion which the EU intends to borrow from the banks – something Mr Henkel said was an “outright violation” of its own rules.
He explained: “Until yesterday the EU was legally prevented from borrowing under her own name.
“This rule is now circumvented with a series of tricks developed under the leadership of the Commission, the same Commission which pretends to watch over the rule of law in for instance Poland and Hungary.
“The repayment schedule for these loans has no credibility at all.
“Not only are these gigantic debts to be paid back by the EU’s children and grandchildren in decades to come, they depend on the introduction of a new EU taxation system, a decision previously always blocked by Great Britain and for instance Germany.
“From now on, not only cities, regions and countries will tax EU citizens and EU companies, also Brussels will!
“The package’s justification being ‘Corona’ and ‘Solidarity’ is a poor camouflage of the true intent: to use the current corona crisis to move the EU ever closer to the United States of Europe under a socialist – green flag.”