Monday, June 22, 2015

Don Quijones — Europe’s Existential Dilemma: Fiscal Union or Breakup (and Financial Collapse)?


The economies must be knitted even closer together, insist Emmanuel Macron, France’s Minister of the Economy, and Sigmar Gabriel, the German Vice-Chancellor, — all in the name of improving “the economic potential of EMU” and allowing “us to establish clearly which policies should be centralized, harmonized or simply coordinated.” What a perfect three-word summation of Brussels’ raison d’être: to harmonize, coordinate and centralize – above all, of course, centralize!
Centralization of power in China and Russia bad, Europe good.

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