Posted on 09/13/2015 9:35:19 PM PDT by Olog-hai
The euro’s founding father has warned that Europe’s latest plan for an EMU-wide finance ministry is a dangerous attempt to smuggle through political union, and breaches the basic tenets of modern democracy.
Professor Otmar Issing, the chief architect of monetary union through its early years, said it would be “dangerous” to transfer control over tax and spending to the EU federal level before full political union has been established first on democratic foundations.
Such a quantum leap in the constitutional structure of Europe—effectively the creation of an EU superstate, with a parliament comparable in power to the US Congress—is unthinkable in the current political atmosphere. It would require referenda across Europe, and a two-thirds majority in both houses of the German parliament.
“The chances of political union are close to zero,” he said, speaking at the Ambrosetti forum of world policymakers on Lake Como.
If Europe were to jump the gun and force the pace of integration, this would lead to a rogue plenipotentiary with unbridled powers over sensitive issues of national life. “It is hard to see how it could be given democratic accountability,” he said. …
(Excerpt) Read more at telegraph.co.uk ...
And no, they do not want a parliament with powers like those that the US Congress has surrendered to the executive, and funny how Professor Issing does not mention the massive power the EU executive already possesses.
All Muzzie invaders should be sent to Brussels.
The European elites are still angry that democracy led to the rejection of the EU Constitution, so now they will try to impose European union. This attempt will likely further destabilize the EU, as the countries that rejected the EU Constitution, and possibly other countries, will not like their votes being nullified.
The proverbial slippery slope once again sabotages the utopia-builders. Funny how that happens again and again. They could learn something by watching Funniest One World Videos. There are a dozens available online showing invasion by jihad all over the EU.
What backdoor? They can do it through the front door if they wanted.
bmp
[a rogue plenipotentiary with unbridled powers over sensitive issues of national life]
Gee, that reminds me of someone. Let’s see, ah, uh....
Sounds like a lawless person, a renegade, a usurper....
“It is hard to see how it could be given democratic accountability”
That doesn’t seem to have stopped them before.
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