The reason this is important is that a new, stronger, more unified nation could emerge from the current economic crisis, as nations yield sovereignty in exchange for financial assistance.
Here is the deal:
The leaked memo, written by the German foreign office, discloses radical plans for an intrusive new European body that will be able to take over the economies of beleaguered eurozone countries.The situation is that Great Britain is being asked to accept the changes as is, with no tradeoffs, which would be opposed by Tory MPs.
It discloses that the EU’s largest economy is also preparing for other European countries, which are too large to be bailed out, to default on their debts — effectively going bankrupt. It will prompt fears that German plans to deal with the eurozone crisis involve an erosion of national sovereignty that could pave the way for a European “super state” with its own tax and spending plans set in Brussels.
Regards — Cliff
As ever and always, the Germans rise again, to the great fear of the rest of the European states. The British response is predictable. As I recall, this superstate potential is precisely what worried everyone when the EU was being considered for existence. It would be fun to watch if we weren't so preoccupied by our own demise. Newt has soared to the top besting Mitt by nearly 12 points in Iowa.
ReplyDeleteMaybe we will have the chance after all to watch Newt take on Barry in three Lincoln/Douglas style debates. Now THAT will be fun to watch.