Tensions are high in the European Union, as debate over the bail-out of Greece is continuing to grow rapidly. Questions about fiscal policy and unemployment are being raised, resulting in countries being forced to be creative and inventful when considering any potential solutions that might be put into place.
As Greece took to the floor, it became clear that sides were beginning to form, with Greece questioning the United Kingdom’s apparent indecisiveness over whether to increase taxation or lessen it. This prompted a response from the United Kingdom, who clarified its position as being that Greece should lower taxes on those who are struggling economically and increase taxes on those who can afford to pay more. Clearly, the UK believes that Greece should revise their fiscal policy. However, it won’t be that easy for the UK to implement this: the delegate of Greece disputed this plan, remarking that the redistribution of taxes would not create much change, and therefore should be reconsidered.
Nevertheless, the UK is not alone in supporting this, as the delegate of Finland agrees with the plan put forward, and is pushing for Greece to provide for local businesses and increase the amount of jobs. As well, Finland pushed for an increase of liquidity in banks, as this would then allow for the situation to hopefully become a good one. The delegate of Austria is also in support of an increase in job creation, and proposes doing so through post-secondary institutions.
Indeed, it is important for the committee to recognize the main issues of sovereignty and transparency in Greece. Also - it is worth noting that what may be successful in one European country may not work in Greece, and the committee would do well to remember this when proposing solutions. As the EU moves forward, they need to ensure that Greece in on board with the solution supported by the committee if they want to be successful.
As Greece took to the floor, it became clear that sides were beginning to form, with Greece questioning the United Kingdom’s apparent indecisiveness over whether to increase taxation or lessen it. This prompted a response from the United Kingdom, who clarified its position as being that Greece should lower taxes on those who are struggling economically and increase taxes on those who can afford to pay more. Clearly, the UK believes that Greece should revise their fiscal policy. However, it won’t be that easy for the UK to implement this: the delegate of Greece disputed this plan, remarking that the redistribution of taxes would not create much change, and therefore should be reconsidered.
Nevertheless, the UK is not alone in supporting this, as the delegate of Finland agrees with the plan put forward, and is pushing for Greece to provide for local businesses and increase the amount of jobs. As well, Finland pushed for an increase of liquidity in banks, as this would then allow for the situation to hopefully become a good one. The delegate of Austria is also in support of an increase in job creation, and proposes doing so through post-secondary institutions.
Indeed, it is important for the committee to recognize the main issues of sovereignty and transparency in Greece. Also - it is worth noting that what may be successful in one European country may not work in Greece, and the committee would do well to remember this when proposing solutions. As the EU moves forward, they need to ensure that Greece in on board with the solution supported by the committee if they want to be successful.