Farewell sweet sovereignty... [View all]

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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