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Wednesday 29 November 2017

WHO OWNS THE EU ?

WHO OWNS THE EU ? 
THE CURRENT DIVORCE BILL IS ONE SIDED IN FAVOUR OF THE EU.

I have written many articles in the past about How to settle the so called " Divorce Bill " for the UK to pay the EU when it leaves the EU.
It seems to me that all we hear about is the EU charting what the UK had committed to, including years and years of Pension contributions.
But, what about What the EU owes us ?
This brings in the question....Who owns the EU assets and liabilities ?

In previous articles, I have questioned...Is it the EU Commission ?
Is it the Council of Ministers ?  Is it the EU Parliament ?
No, it is owned pro rata by the 28 Member Nations.  The ownership should be proportionate to the number of MEP each nation has.
This seems fair and democratic to me.

If I am right, the EU needs to present to the UK, monies due after the Divorce. In any Divorce, net assets are allocated to each partner according to need.

So, let me emphasise, the EU needs to present a list of net assets and to identify the share the UK should receive as payback.
These will include, audited accounts for......

1-Monies in the Banks

2-Investments

3-Present value of properties which the UK has paid towards

4-Loans to fellow EU Nations

5-Refund on UK MEP pension funds

6-Rebates due to UK up to leaving date in 2019 or later if a 2 year transition period is agreed. These  payments will include Agriculture rebates, Education rebates and other contributions which the EU had agreed to pay in previous treaties.

These repayments to the UK should be deducted from the Divorce Bill !

So far, it seems like the UK are all give and the EU are all take.

It is time to start asking the EU Negotiators what their share of the Divorce Bill will be ? I guess their answer will be... Nothing.

Time will tell.





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