02 Ιουλίου 2012


A federal Europe, by order

by Serge Halimi (as published at Le Monde Diplomatique - English Edition)


...Listening to the federalists, you would think the European institutions have no power or resources, while states have unlimited authority and means. But the European Central Bank (ECB), which has managed the crisis with the success we know, producing €1,000bn to refinance the banks, does not depend on EU governments or EU voters. Far from being under excessive constraints because of any lack of integration (a common budget, a single minister), the harmonization of European policies under the German austerity regime has succeeded in increasing national debt and public poverty...