The EU Is Becoming The European Economic Empire

12 Dec

   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.

German memo shows secret slide towards a super-state

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 new MiFID review coming out of Brussels, above, could have a significant impact on both financial firms and their customers.

The six-page memo, by the German foreign office, argues that Europe’s economic powerhouses should be able to intervene in how beleaguered eurozone countries are run.
The confidential blueprint sets out Germany’s plan to tackle the eurozone debt crisis by creating a “stability union” that will be “immediately followed by moves “on the way towards a political union”.
It will prompt fears that Germany’s euro crisis plans could result in a European super-state with spending and tax plans set in Brussels.
The proposals urge that the European Stability Mechanism (ESM), a eurozone bailout fund that will be established by the end of next year, should be transformed into a version of the International Monetary Fund for the EU.
The European Monetary Fund (EMF) would be able to take full fiscal control of a failing country, including taking countries into receivership.
The leaked document, The Future of the EU: Required Integration Policy Improvements for the Creation of a Stability Union, comes as David Cameron meets Angela Merkel, the German chancellor, in Berlin today to talk about treaty changes and the eurozone crisis.
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.
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Posted by on December 12, 2011 in economy, eu


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