demand limited treaty changes that will allow German fiscal disciplines to be imposed on miscreant nations, with sanctions for non-compliance.Presumably they'd even apply to France next time round.
Bruno Waterfield has the story on just how "limited" these treaty changes might be.
The commission, he writes, proposes new powers to ensure that the servicing of eurobond debt always takes priority over other spending in national budgets.
Gracious. Enough already? No.
There would be the power "to grant extensive intrusive power at EU level in cases of severe financial distress, including the possibility to put the failing member state under some form of 'administration'".Budgets would of course have to be submitted for vetting by the unelected Commission. Here we go.
The proposals give the commission the power to send in fiscal inspectors if it decides a member country is "experiencing severe difficulties", even if that country's government has not requested them. EU officials will be able to override a country's protests to "recommend" that it is placed in a Greek, Irish or Portuguese-style austerity programme, involving the loss of its fiscal sovereignty.And Planet Brussels expect the peoples of their subject nations to vote for this in referenda? To vote away their democracies and sovereignty?
Countries that are placed under the control of the EU-IMF, such as Greece, Ireland or Greece, will be unable to regain sovereignty until they have paid back 75pc of their debts, meaning decades of administration from Brussels and Frankfurt.
Why is it not obvious that we should run a mile from dictators who dream such dreams?
1 comments:
"And Planet Brussels expect the peoples of their subject nations to vote for this in referenda?"
No, of course not.
There won't be an referenda. They won't allow it.
Whatever were you thinking of?
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