"... Let me quote an observation that Thomas Jefferson made about remote government. He said at such a distance, and from under the eye of their constituents government must, from necessity tend to corruption, plunder, and waste. What a perfect description of what happens in the EU budget, with its unapproved accounts, with its misallocation of recourses, with its constantly rising figures despite the attempts of the 27 member states to raising their spending. It what happens when you have no link between taxation, representation, and expenditure, when the EU expects bouquet for spending to spending money, but not brickbats for raising it. The only way which will be able to bring these figures back in line with public opinion is when we restore budgetary responsibility to national parliaments, to national parliamentarians who have to justify themselves to their constituents who are also their tax payers."
Jag misstänker att krisen är en kombination av bristande symmetri mellan länders ekonomier och politik och att gemensam finanspolitik som euron kräver inte kan isoleras från länders ekonomiska politik.
Hannan citerade nyligen Jefferson på sin Telegraph-blogg.
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