Saturday, November 20, 2010

Dominique Strauss-Kahn urges centralising EU economic governance outside EU Council!

Now we can discern the end game of this deliberately contrived EU economic crisis emerging from the mists of idealistic daydreams which have befogged the minds of Europe's national leaders down recent decades. (Read Mary Ellen Synon's blog here and here for more on what Germany and France might have been scheming. The end result, however, is now perfectly clear as always predicted on this blog, its forerunner "Ironies" and my novel written last century!) The head of the IMF, Dominique Strauss-Kahn (possible contender in the next French Presidential elections should President Sarkozy continue to falter and drift downwards in the opinion polls) is reported in the Daily Telegraph this morning to be calling for huge handovers of sovereignty in taxation and economic governance to a centralised EU body beyond national or even EU Council control, read here. The article ends by quoting his claim that the only option is "more cooperation, and greater integration.” Absolutely incorrect and a certain recipe for ever greater resentment and chaos, the only option now is a halt to the EU as presently structured and a considered appraisal of alternatives to achieve a democratic alternative.



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