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German and French ministers call for radical integration of eurozone
Manchester Guardian ^ | Wednesday 3 June 2015 16.00 EDT | Ian Traynor

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 ...


TOPICS: Business/Economy; Germany; Government; News/Current Events
KEYWORDS: brexit; cityoflondon; eurobanking; europeanunion; eurozone; eussr; fourthreich; france; robinhoodtax; socialmarketeconomy; tobintax

1 posted on 06/03/2015 3:57:23 PM PDT by Olog-hai
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To: Olog-hai

what could go wrong.


2 posted on 06/03/2015 3:59:58 PM PDT by dp0622
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To: All

Ah the left.

What we are doing is not working so let us do more of it.


3 posted on 06/03/2015 4:01:00 PM PDT by QuisCustodiet1776 (Live free or die.)
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To: Olog-hai
Doubling down on failure.It's easy to see why the snail eaters would support this but not the Germans!
4 posted on 06/03/2015 4:59:07 PM PDT by Gay State Conservative (Obama;America's Ambulance Chaser-In-Chief)
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To: Olog-hai

Run Britain, run!


5 posted on 06/03/2015 5:20:51 PM PDT by Wayne07
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To: Gay State Conservative

Wny not the Germans, or at least their elites? They did invent the social market economy after all.


6 posted on 06/03/2015 5:21:47 PM PDT by Olog-hai
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To: Olog-hai

That’s right, pool the debt. Let Germany pay for Greece.


7 posted on 06/03/2015 5:24:18 PM PDT by CondorFlight (I)
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To: CondorFlight

If Germany didn’t want to pay, it wouldn’t; nobody twisted their arm to do it. Stop listening to EU propaganda.


8 posted on 06/03/2015 5:26:14 PM PDT by Olog-hai
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To: Olog-hai

Is this the whole ‘integration via bayonets’ thing?


9 posted on 06/03/2015 5:40:16 PM PDT by 1010RD (First, Do No Harm)
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To: Olog-hai
"pooled debt liabilities"

Ludicrous.

The German electorate will REMOVE any government that signs up for that and shoot them.

10 posted on 06/03/2015 5:50:52 PM PDT by Mariner (War Criminal #18)
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To: Mariner

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.


11 posted on 06/03/2015 6:15:02 PM PDT by Olog-hai
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To: 1010RD

Close to it. Economic bayonets.


12 posted on 06/03/2015 6:15:29 PM PDT by Olog-hai
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To: Olog-hai

“Germany and France call for radical integration of the Eurozone”

SS Division Charlemagne?


13 posted on 06/03/2015 6:21:24 PM PDT by Jim Noble (If you can't discriminate, you are not free)
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To: Olog-hai
"What party would stand against so-called “pooled debt liability” in Germany?"

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.

14 posted on 06/03/2015 6:29:58 PM PDT by Mariner (War Criminal #18)
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To: Mariner

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.


15 posted on 06/03/2015 6:34:07 PM PDT by Olog-hai
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