Posted on 06/03/2015 3:57:23 PM PDT by Olog-hai
German and French politicians are calling for a quantum leap in how the EU’s single currency is run, proposing an embryo eurozone treasury equipped with a eurozone finance chief, single budget, tax-raising powers, pooled debt liabilities, a common monetary fund, and separate organization and representation within the European parliament.
They also propose that all teenagers in the EU be given the chance to spend a subsidized six months in another European country.
In an article published in the Guardian and other European newspapers, Sigmar Gabriel, Germany’s social democratic leader and vice-chancellor in Angela Merkel’s coalition government, and Emmanuel Macron, France’s young reformist economics minister, advocate a radical shift in integration of the eurozone, following five years of single currency crisis that have come close to tearing the EU apart. They call for the setting up of “an embryo euro area budget”, “a fiscal capacity over and above national budgets”, and harmonized corporate taxes across the bloc. The eurozone would be able to borrow on the markets against its budget, which would be financed from a kind of Tobin tax on financial transactions and also from part of the revenue from the new business tax regime. …
(Excerpt) Read more at theguardian.com ...
what could go wrong.
Ah the left.
What we are doing is not working so let us do more of it.
Run Britain, run!
Wny not the Germans, or at least their elites? They did invent the social market economy after all.
That’s right, pool the debt. Let Germany pay for Greece.
If Germany didn’t want to pay, it wouldn’t; nobody twisted their arm to do it. Stop listening to EU propaganda.
Is this the whole ‘integration via bayonets’ thing?
Ludicrous.
The German electorate will REMOVE any government that signs up for that and shoot them.
What party would stand against so-called “pooled debt liability” in Germany?
It doesn’t mean that literally, anyhow. It means more control for Germany over that; and Germany’s got quite a bit of control over it presently.
Close to it. Economic bayonets.
“Germany and France call for radical integration of the Eurozone”
SS Division Charlemagne?
While Merkel and the Christian Democrats seem well entrenched, there's and Essential Hun at the heart of their majority...and he will not suffer largesse.
It would turn Germany upside down politically and ANY/EVERY party present and future who opposes polled debt will benefit.
Any who support it will cease to exist.
It’s already happened and the public was steamrolled over.
Like I said, any deal will give Germany greater control over the public debt of other eurozone members. The people will be kept calm.
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