Budgetary Powers and the Treaty of Luxembourg
Budgetary Powers and the Treaty of Luxembourg
Looks at the adoption of the Treaty of Luxembourg in 1970 which laid the foundation for the creation of a system of ‘own resources’ for the Community. In this context, the European Parliament was endowed with budgetary powers. Still void of any legislative powers, the chapter thus answers the question why the member states decided to endow the European Parliament with budgetary powers in this particular period.
Keywords: budgetary powers, budgetary procedure, own resources, Treaty of Luxembourg
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