The President Of France Wants Eurozone Members To Transfer Their Sovereignty To A United States Of Europe

 

EU Poster Tower Of Babel

The President of France has come up with a very creative way of solving the European debt crisis.  On Sunday, a piece authored by French President Francois Hollande suggested that the ultimate solution to the problems currently plaguing Europe would be for every member of the eurozone to transfer all of their sovereignty to a newly created federal government.  In other words, it would essentially be a “United States of Europe”.  This federal government would have a prime minister, a parliament, a federal budget and a federal treasury.  Presumably, the current national governments in Europe would continue to function much like state governments in the U.S. do.  In the end, there may be some benefits to such a union – particularly for the weaker members of the eurozone.  But at what cost would those benefits come?

When I first learned that French President Francois Hollande had proposed that the members of the eurozone should create their own version of a federal government, I was quite stunned.  But I shouldn’t have been surprised.  For the global elite, the answer to just about any problem is more centralization.  The following comes from a Bloomberg article that was posted on Sunday…

French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis.

“Circumstances are leading us to accelerate,” Hollande said in an opinion piece published by the Journal du Dimanche on Sunday. “What threatens us is not too much Europe, but a lack of it.”

So precisely what would “more Europe” look like?

Hollande envisions a central government that has both a parliament and a federal budget

“I have proposed taking up Jacques Delors’ idea about euro government, with the addition of a specific budget and a parliament to ensure democratic control,” Hollande said.

His remarks touched on what analysts have seen as a major flaw in the euro.

Under the 1992 Treaty of Maastricht, countries which share a common currency must obey rules on borrowing and deficit spending.

But the Greek crisis saw one of the 19 eurozone members notch up successive worsening deficits and amass a mountain of debt. The problems were only addressed by bailouts from the European institutions and the International Monetary Fund (IMF).

Critics say the problem stems from a lack of centralised control over national fiscal policies, which today are jealously guarded areas of sovereignty.

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Pablo Balonga 4 years ago Member's comment

Hollande is right, there are two objections to the union both ill conceived a) from the populists governments that want to sustain their power with demagogy and without production (typical Greece) b) from the monarchies that want to retain their medieval power at the cost of future and people (typical England)

Daniel Lashkoff Gardini 4 years ago Member's comment

ACTUALLY, IT WOULD NOT SOLVE ANY MAJOR PROBLEM, WHILE CREATING MANY MORE.

Nick Iseb 4 years ago Member's comment

Everyone is free to leave the EU. It took the U.K. a lot of sweat to get into the EU.Maybe it's to big with the Eastern European countries,Spain,Greece..but the U.K. is not a netto contributer (I want my money back!) and you need a passport to enter the U.K.. By the way, Schotland wants to stay..

Barry Griffiths 4 years ago Member's comment

The 1972 communities Act effectively made the EU a federal State and the individual countries surrendered their sovereignty at that time. Another aspect of the EU is that it now passes most of the laws in Europe and the Civil Services are now placed in the position of answering to the EU rather than their own Parliaments. Is it a good idea to formally acknowledge the existence of a US of E? I do not think so for the simple reason that the EU Parliament is simply a rubber stamp for laws drafted by anonymous unelected elites and is deeply flawed from democratic perspective. The EU has more in common with Bismark's Prussia than any modern Democratic State and I believe that rather than following Hollande's idea that it would be better to scrap the whole European Union.

Ariel Alexis 4 years ago Member's comment

The United State of Eurostan... As Hezbollahstan, Hamastan, Taliban, Islamistan Pakistan Afghanistan Persiastan, and all the head hunters of the middle east.

Jim Barin 4 years ago Member's comment

The EU only wants Britain in the EU for two reasons - our money and their desire to offload all the illegals onto us.

Igor Konig 4 years ago Member's comment

Thank you, Mr Hollande. As a life-long promoter of the EU, I have always been fascinated by the progress of the European Union and how far our continent has come. I may be only 27, but just as our brothers and sisters from across the bond, don't we Europeans deserve the same quality of life? Not just prosperity, but a single voice of a large country/supranational state on world stage? How can we possibly stand side by side next to giants such as India, Russia or the U.S.

Sure the EU in its current form has flaws (the monetary union should come in AFTER a political union NOT before - too many different governments with just as many opinions) but the future is brighter for us to stand together not divided.

Al Len 4 years ago Member's comment

This should be called United States of Babel. Just look at their logo.

Danniel Qeletti 4 years ago Member's comment
Igor Konig 4 years ago Member's comment

I disagree with your sentiments, Danniel. But that's fine. Unlike here in China, in the West, we are allowed to discuss. Agree/disagree, make a point or express ourselves. The Chinese and Russians can't (not without severe repercussions).