So centralized control is not working, thus more centralized control is needed?
Nothing works like doublethink, right?
Plus a few more layers of bureaucracy to control everything.
'A word means what I say it means, neither more nor less.'
In this particular case, of course (and you are exactly right), 'centralised control' or 'central planning' has been redefined as 'federalism'...as if the political filth in Wonderland (that's the EU, for those in Rio Linda) ever had had the first notion of federalism.
One **could** be a cynic and offer the thought that Germany has finally found a way to conquer Europe. Contrarily, one might legitimately observe that, as Mr. Churchill once said, this is merely "the end of the beginning".
One of these days, I'll have to figure out why the Fishwrapper (that's Eurocurrency, for the non-FX traders here) is trading at 1.30 vs USD. Granted, the dollar is garbage, courtesy of decades of misbegotten Keynesianism (sic), abuses of fractional reserve banking, and the American political class' addiction to buying votes in order to stay in office AND using taxpayer monies to do so. However, what has taken the US fully 100 years to do in terms of the practical day-to-day-value debasement of the currency has been accomplished in just 14 by the financial schmucks and schmuckettes in Wonderland.
I'll vote with Kyle Bass on this one; sell the (bleep) out of the effing Fishwrapper.