Here is evidence that the EU is planning on presenting plans to create a a European Monetary Fund with powers to over ride elected governments in regards to economic decisions. In an age where the populace is supposed to be educated in the ideas of civil rights and freedoms how can it seem like a good idea to erect super powerful levels of government which kill national rights and sovereignty. The age of fascism is rising again in Europe. This time it is hiding under the cloak of economic cooperation. Once the dust from this crisis settles the only thing left will be a gravestone for national sovereignty sitting at he door to a single European super state. The dreams of the likes of Hitler and Napoleon are coming true without a single gun being fired.
An intrusive European body with the power to take over the economies of struggling nations should be set up to tackle the eurozone crisis, according to a leaked German government document.
The German plan begins with a proposal to create “automatic sanctions” that could be imposed on euro members spending beyond targets set by the European Commission. Germany is demanding that if euro rules are “consistently violated”, it should be able to demand action from the European Court of Justice.
Germany, Finland, Austria and the Netherlands would be able to ask EU courts to impose sanctions, from fines to the loss of budgetary sovereignty, to protect the euro.
The memo states the EMF would be given “real intervention rights” in the budgets of euro members who have received EU-IMF bailouts.
Open Europe, a think tank, has called for Mr Cameron to demand concessions from Mrs Merkel in exchange for the plans, which need the consent of all 27 EU countries, giving Britain a veto.