European Wealth Fund Act
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Debate starts NOW and will last until 06:00 GMT on August 15th, 2020.
Hmmm. I'm unsure how I feel about this.
One thing I can say for certain is that the funding outlined in Section II is beyond too much. For starters, the EU only has a budget of €73 billion to spend, and half of that is already allocated to other programs. The EU doesn't have €10 trillion to spend. €10 trillion is bigger than the total economies of Spain, Vayinaod and Fremet combined. I think you perhaps mean €10 billion, which is much more appropriate number? That's the number you provided in brackets, so I assume that's what you really meant.
My main reason for being hesitant about this is because states do not contribute to the European Union budget equally. Inquista alone contributes 23.25% of the total EU budget, and we'd rather not have that money siphoned into a rainy day fund for other states to use. Inquista is already commited to a great deal of humanitarian and developmental work, and we'd rather retain autonomy over how we finance these efforts rather than giving our money to this board.
Edward Firoux
Council Speaker and Councillor for Inquista -
The Union of Duxburian Dominions opposes any effort to turn regional funds into a slush fund for pet projects in individual member states. That's really not the purpose of the European budget. About 21% of that money is ours and is collected for the purposes of running the region's institutions and funding its acts. We didn't and won't agree to shunt some of it to exclusive projects in arbitrary places.
Any outcome of the surplus other than being returned to member states at the end of the fiscal year as it always has been is completely unacceptable.
Wesley Greene
Councillor of the Duxburian Union -
Final voting begins NOW and will last until 19:45 on August 18th, 2020.
On behalf of the Most Blessed State of Inquista, I vote AGAINST this Act.
Edward Firoux
Council Speaker and Councillor for Inquista -
On behalf of the Union of Duxburian Dominions, I vote AGAINST the act.
Wesley Greene
Councillor of the Duxburian Union -
On behalf of the Kingdom of Spain, I vote AGAINST this act.
Donald D. Tusk
Councillor for Spain -
On behalf of the United Kingdoms of Mennrimiak, I vote AGAINST this act.
Adam Karlssen
Councillor for Mennrimiak -
On behalf of the Republic of Nofoaga, I vote FOR this act.
Mrs. Azaya Dubecq
EU Councilor for the Republic of Nofoaga -
On behalf of the Kingdom of Montebourg, I vote FOR this act.
Emma Granger
Councilor for Montenbourg -
On behalf of the Commonwealth of Leagio, I vote AGAINST this act.
Francis Plessis
EU Councilor for Leagio -
On behalf of the Kingdom of Fremet, I vote AGAINST this act
Charles Michel
Councillor for the Kingdom of Fremet -
On behalf of the Kingdom of Pravoslaviya, I vote AGAINST this bill.
Cllr Tupac Shakur
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With 2 votes for and 7 votes against, this bill has been REJECTED.
Edward Firoux
Council Speaker and Councillor for Inquista
The Kingdom of Spain
