Sharon Bowles is a British Liberal Democrat and has been chair of the European Parliament's Economic and Monetary Affairs Committee since 2009.
Last month the British Government launched a "comprehensive audit" of EU powers and their impact on the UK.
Sharon Bowles tells Katya Adler why she thinks the audit is a "dreadful idea" and doesn't believe the UK will be able to repatriate powers from the EU.
You can watch the full interview on BBC World News on Wednesday 15 August at 03.30, 08.30, 15.30 and 20.30 GMT and on the BBC News Channel at 0430 BST on Wednesday 15th August 2012 and 0030 BST on Thursday 16th August 2012
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