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Sunday, November 13, 2011

Germany makes bid to gut national sovereignty of EZ states to save euro


BERLIN (Reuters) - German Chancellor Angela Merkel is seeking to speed up reform of the European Union treaty and wants all 27 EU member states to give their approval by the end of 2012, government sources said on Sunday....
This would involve the right to challenge states at the European Court, to have their budgets declared void, without meddling further in the details.
Under the German proposals, the EU commission would also play a stronger role in monitoring budgets....
Read the whole article at The Huffington Post
Angela Merkel Wants To Reform EU Charter By 2012

The fly in this ointment is that in many EU countries, changes to the EU charter require a referendum, which may be difficult to pass.


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