Germany, France Call for Fiscal and Political Union. Public Ignorance Vital for Success of EU Power Grab
Since Europe’s sovereign debt problems exploded onto the scene in 2010 the European Union has masterfully exploited the crisis to strengthen its grip over the old continent. It has stripped once-proud, independent nations of the last vestiges of their economic sovereignty. It has also pulled off the long-cherished dream of banking union, which was quietly consummated last fall.
Now, with the help of Berlin and Paris, it is looking to complete the coup. And this time not in the shadows, but in broad daylight.
The first move was to prep the masses. In an article published in The Guardian,Emmanuel Macron, France’s Minister of the Economy, and Sigmar Gabriel, the German Vice-Chancellor, outlined the broad strokes of the plan, calling for greater fiscal and social harmonization in the Eurozone while conceding that other EU countries like Britain should be allowed to settle for a less integrated Union based on the single market — at least temporarily:
Our common goal is to render it unthinkable for any country in pursuit of its national interest to consider a future without Europe (meaning, one assumes the EU) – or within a lesser union.
Straightening A Crooked Brussels
“The euro was built on a Franco-German understanding but also on a typically European compromise,” they write. “This gives France and Germany a particular responsibility to straighten what is crooked” — an eminently fitting phrase.
“A new, staged process of convergence is needed,” the authors add. This would involve not only structural reforms (labor, business and the environment) and institutional reforms (functioning of economic governance) but also social and tax convergence – all in the name of addressing the “critical flaws in the architecture of monetary union.”
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