Farewell sweet sovereignty...

[xchrom]

http://www.presseurop.eu/en/content/article/1262391-farewell-sweet-sovereignty

Sovereignty is in mourning in Europe. The greatest surrender of sovereignty in Europe since the treaties of Rome and Maastricht were signed is being prepared for the next few days.

With the first of the treaties, in 1957, tariff policy was surrendered, laying the foundations for the single market. With the second, in 1992, went currencies – symbols of nationhood that had been until then at least as resonant as national flags – and monetary policies, which allow interest rates and exchange rates to be fixed.

This, in turn, laid the foundations for the current sovereign debt crisis. At today’s summit the old states are now going to be asked to hand over their entire budgetary policy – in other words, the political soul of the nation state.

There will be no salvation in this globalised world if the old countries of Europe each go their own ways. Not even those two countries playing in the top league and winning all the cups – the FC Barcelona and Real Madrid that are Germany and France.





*** post democracy europe & post democracy america -- these are the times we are living in

[sabrina 1]

1. It's very sad to see what is basically a bloodless coup, so far,

taking place in Europe. It's hard to watch as once first world countries, like Ireland and Greece have been forced into dependence on the IMF.

I wish they had defaulted as will happen anyhow.

This whole exercise and the bullying of Sovereign nations, the installation of unelected Goldman Sachs 'leaders' (Greece and Italy) is for one reason only, to save the Banks for having pay for the massive damage they have caused.

However, it looks like Britain has opted out of the proposed renewed treaty so far, and there is talk of Britain getting out of the EU altogether. And now the EU appears to be fracturing completing into four or five different groups.

Big Banks moved in like an invading army on the EU and it is no longer serving the interests of the people. I hope it collapses. Germany has no one to sell their products to. Too bad they all didn't think of that when they bankrupted everyone else.

[KoKo]

2. GB is out there ALONE...with it's failing banks and will sink David Cameron..K&R