Involvement of EP in the greek program takes formal character

Involvement of EP in the greek program takes formal character

Athens, October 27, 2015/Independent Balkan News Agency

By Spiros Sideris

The representative of the European Commission in the Eurogroup will be informing on a regular basis from now on the European Parliament of all consultations and negotiations.

The involvement of the European Parliament in Greek program, as had been requested by Alexis Tsipras to Martin Schulz, is expected to be formalised next week, when the concrete terms of engagement of the EP in overseeing the program are expected to be finalised.

According to information provided by the President of the European Parliament to the presidents of the political groups at the Conference of Presidents, the representative of the European Commission to the Eurogroup will inform on a regular basis the European Parliament of all consultations and negotiations within the third Greek program.

According to the deputy chairman of the European Parliament and SYRIZA MEP, Dimitris Papadimoulis, the initiatives announced by the European Commission for the completion of the EMU and the euro (recast of the European Semester, reinforcement of the tools of economic governance and single representation of the Eurozone by the President of the Eurogroup), completely ignore the European Parliament, since the European Parliament’s assent is not required in the process of adopting the European Commission’s legislative initiatives. Furthermore, he notes that the role of the European Parliament in the framework of the European Semester is made difficult and even waived fully consultative role in the appointment of the European Fiscal Council.

“The greater involvement of the European Parliament, which is the only democratically elected institution in the EU, in the Greek program is a small step forward. However, the decision of the European Commission and the Council to move forward on their own on the next steps of the EMU is unacceptable and takes us two steps back. The processes of European integration require transparency and democratic legitimacy and accountability”, Papadimoulis stressed.

In his letter in mid-August, the Greek prime minister called for the immediate and full involvement of the Europarliament – as the fifth element in the so-called “quartet of creditors” – in the regular assessment process.