Change EU treaty to stabilize bloc: Trichet

Reuters ^ | Sun Oct 16, 2011 8:06am EDT | Geert De Clercq and Gus Trompiz

[Olog-hai]

European Central Bank President Jean-Claude Trichet said the European Union's treaty should be changed to prevent one member state from destabilizing the rest of the bloc, and urged stronger governance of the eurozone. "In my view it is necessary to change the treaty to prevent one member state from straying and creating problems for all the others," Trichet said in interview broadcast on French radio Europe 1 and iTele television on Sunday.

Asked whether this would mean getting rid of vetoes for member states, he said: "To do this, one even needs to be able to impose decisions." But he added that he expected existing governance rules would be applied much more rigorously in the future, even without a change in the treaty. …

The financial crisis had also shown the need for stronger global governance, Trichet said, saying he saw this as a message from protests that brought thousands onto the streets across the world on Saturday. "It is our task to make the world financial system much more solid ... that is how I interpret part of the message that comes from this movement," he said.

[Olog-hai]

Mr. Admitted Liar speaketh once more, and declares that he wants to be Mr. World Dictator (or work for such a person). Note that he regards it as Europe's task (or certainly that of the country that is the de-facto leader of the EU) to impose global financial governance (which would automatically mean global political governance too). Ain't it hilarious that after breaking the very treaties that make the EU, they want to change them once more in order to bury their past sins under the rug?

[SunkenCiv]

Thanks Olog-hai.

[agere_contra]

Go for it Trichet!

You change the treaty, we’ll walk away from it! Win Win!

[silverleaf]

Um, this “treaty” will become a roach motel

Once you are in, you can’t walk out.

Not sure how they plan to enforce “unity” on those who want OUT. I gues just pass another transnational “law” allowing the use of hostile force? Economic boycotts? Occupation forces?

Stroke of the pen, law of the globe.

[Olog-hai]

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You change the treaty, we’ll walk away from it

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That's the attitude of the EU: treaties are made only to be broken. (Sound familiar?)

Remember, as long as the Vienna Conventions stand, walking away is a viable option, under clausula rebus sic stantibus.