The European Foundation today releases  a report ( Download 17-18 June 2010) which identifies a number of the key European issues which currently affect Britain’s relationship within the European Union, including:

The collapse of the European Stability and Growth Pact (SGP);

Tracing the French advances toward “European economic Government”;

The Greek crisis – failed EU rules and the question of legality;

The new ATM machine for free access to European taxpayer’s money – the European Financial Stability Facility (EFSF);

EU to take control of UK budget – European Commission becomes Chancellor of Europe;

Proposals for: Europe to take control of compiling EU Member State statistics; the EMF – a new institution for lending UK taxpayer money in Europe; the European “Task force” for harmonising UK economic policy with Europe; the attempts by European Governments to call for propping up the broken Stability Pact and; the presenting of the UK budget and how national Parliaments will be bypassed;

The Collapse of the Euro.

Importantly, David Cameron and his Coalition colleagues must not yield to pressure from Member States to sign up to such plans, particularly proposals requiring British Chancellors of the Exchequer to present their draft budgets to Brussels before they are approved in Westminster – they must explicitly insist that such rules do not apply.

The Prime Minister must recognise the issues identified in this report and consider that there is an unchallengeable, legal, political and constitutional case for a Sovereignty Act, and a necessity to enact it immediately at Westminster to underpin negotiations which include those talks that the Prime Minister will conduct this week in Brussels . The Sovereignty Act was in the Conservative manifesto. The British economy cannot be restored without repatriating powers from Brussels . The majority of the economic proposals are/will be subject to majority voting, hence, a Sovereignty Act which provides where necessary for the overriding of the European Communities Act 1972 must be introduced as soon as possible to protect the British national interest. The United Kingdom must now occupy a position which requires the judiciary to take note of, follow and obey the Westminster legislation that is needed to override those aspects of European legislation which do not serve in the British national interest.

Spokesman for the European Foundation, Jim McConalogue said: “David Cameron and the Coalition Government must see that there has been the collapse of the European Stability Pact, the failed Lisbon agenda, demands for European economic government, a failed euro currency, the expensive and ongoing bail-out of Greece and failure of Union policies across Europe – and after all that failure, the European Commission wants to control the UK budget.

“The Coalition ministers must be resolute on this matter. It is only by rejecting demands for European economic government, insisting on a repatriation of employment and social legislation from Brussels , and passing that Sovereignty Act which was offered in the Conservative manifesto, that a sovereign Westminster Parliament can take control and act in the British national interest."