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The ECB is, by far and away, the EUropean institution that has acted with the most flagrant disregard for the good of the Union in this crisis. The Council has been mostly out of sight, the Commission has not really done anything to make it an obvious scapegoat, and Parliament hasn't done anything in this crisis to justify expanding its powers. No, the ECB is the target of opportunity here.

The reason to expand the parliament's powers is to make the notion of broader European solidarity legitimate and to make European policy more accountable and to try to move more powers and responsibilities to the European level.  It won't necessarily mean the voters will choose better policies, but if they don't, so be it.  

by MarekNYC on Thu Nov 18th, 2010 at 09:30:37 AM EST
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I completely agree. I'd very much like to adopt a full parliamentary system in the EU in which the ECB is just another branch of the Commission, the Commission serves at the pleasure of the Parliament, and the Council is severely de-clawed.

But for "justify" you should, in the above quote, read "done something that will provide political air cover for" rather than "done something to provide a good reason for."

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Nov 18th, 2010 at 09:34:07 AM EST
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