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Trichet seeks single EU finance ministry

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posted on Jun, 2 2011 @ 10:36 PM
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Trichet seeks single EU finance ministry


edition.cnn.com

Jean-Claude Trichet, president of the European Central Bank, has called on the European Union to take bolder steps towards controlling fiscal and economic policies, suggesting a long-term goal of establishing a European ministry of finance....Such a ministry would not necessarily have a large budget. But it would exert surveillance of "both fiscal policies and competitiveness policies", and have a veto right over specific spending decisions.
(visit the link for the full news article)


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posted on Jun, 2 2011 @ 10:36 PM
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And further to the above citation:


He said "strengthening rules to prevent unsound policies" was an "urgent priority". The ECB had already called for a "quantum leap" in economic governance, and urged the European Parliament to reinforce the draft secondary legislation that is under negotiation with the Commission and the Council.


So what does this proposal suggest? A regional governing body over the Eurozone countries' fiscal and monetary policies and further erosion of national sovereignty.

Clearly a step toward global governance, and in fact, could well prove to be a great pilot for implementing more regional finance bodies or a global finance ministry should the need arise - and given the global economy is so wired, and the repercussions of economic and market conditions affecting virtually all world economies more or less to some extent, it could well prove to be the only final solution to a volatile or otherwise collapsing world economy.



edition.cnn.com
(visit the link for the full news article)



posted on Jun, 2 2011 @ 10:51 PM
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Seriously, E.U., just become one gigantic country and have done with it. Quit flirting with the idea and just do it already.



posted on Jun, 2 2011 @ 10:59 PM
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reply to post by FatedAxion
 


Actually, I disagree. EU realize that the goal is now, and has always been to turn you into one big country and run for the hills while you still can. Save yourselves. Seriously. You dont want to be a country the size of the US. No one gets their needs met because the voters cant really get together and form a consensus and then make the government follow their wishes.

It was a horrible idea. Get out now. If you dont, you will live to regret it.



posted on Jun, 2 2011 @ 11:17 PM
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Yep we could call it "The United States of Europe".



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