I, Brian wrote the following:
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The EU presidency does actually exist and has done for some time. It's a position currently occupied by Romano Prodi - a powerful Italian media magnate, who ensured that Parliament voted him immunity from prosecution while his mobster connections are investigated, and a string of colleagues are prosecuted for corruption. Funnily enough, Jaques Chirac did something very similar (he's the President of France).
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Just for the sake of being a pain in the ***, I would like to submit a few small corrections:
1. The EU has a three-tier executive/legislative: The European Commission, the Council of the EU and the European Parliament. The Commission could be compared to a government, while the sates' interest is represented by the Council, and the people's by the Parliament.
2. Romano Prodi is the president of the European Commission. Although he is Italian, I don't think he was ever involved in media.
3. The presidency of the Council is held in rotation by one of the member states for a period of six months. It is the state that has the presidency, not the person representing it. At the time the message was written, the presidncy was held by Italy. The prime minister of Italy is Silvio Berlusconi, he's the media magnate you were referring to, and he certainly did what you spoke of.
4. As far as I know, Chirac did not enact new laws granting him immunity. He has immunity as French president, which means that the charges against him cannot be brought forward until he steps down. Doesn't make him much less corrupt, though.
5. The proposed EU President was supposed to replace the presidency of the Council by one person instead of a (rotating) state. It is true that he would certainly not have had very much power.
Baud