MEP slams UK on refusal to join euro
Tuesday 29 March 2011 - by Andrew Hickley
Influential MEP Wolf Klinz has blasted the UK for its refusal to join the euro currency, arguing that the project is being undermined by the country's "undue influence".
"We now have a situation where we need to take decisions on a European level with the agreement of member states that are not really on board and not behind the euro project, and this is not justified in my opinion.
"It gives them leverage and that gives them undue influence."
The CRIS committee has no legislative powers, instead acting to provide detailed analysis and recommendations for measures aimed at supporting a global recovery.
Rapporteur Pervenche Berès' final report was discussed at the meeting. It recommended measures such as reinventing the G20 as an Economic Security Council alongside the introduction of eurobonds and a financial transactions tax.
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