19
Jul
15

France’s Hollande Proposes Creation of Euro-Zone Governmen


Image result for eu flag

Or a coup for Germany?

I came upon the following bloomberg.com article that struck a funny chord.

The article to paraphrase, suggests: recognizing the difficulty arising from the Greek crisis, would it not be better if there was essentially one-Europe: parliament, currency, budget, taxes, etc.. This would be at the cost of the sovereignty of the 19 member (current) country’s.  And given that Germany reigns supreme in the current Eurozone of EU membership, would it, Germany, manage to conclude the struggle seemingly inherent to the past. 

Overall I find it odd that France to be the spoke’s country for this potential unfolding of events. 

There is no doubt the Greek crisis as it continues to unfold, reflecting an increase in civil unrest and disobedience; Euro countries will feel the need, in order to regain stability; expedite the suggested process of a Euro-Zone Government with, potentially, Chancellor Merkel as ????.

UPDATE: It would seem the reasoning proposed here is shared in a Huffington Post article by Nathan Gardels, THEWORLDPOST
“This week the geopolitical balance changed decisively. As Margaret Thatcher long ago, a German Europe, not a Europeanized Germany, would one day be the dominant reality on the continent. The tough terms of the latest Greek bailout and the relegation of France to a junior partner in those negotiations confirm her prescience.”

” France’s Hollande Proposes Creation of Euro-Zone Government

France’s Hollande Proposes Creation of Euro-Zone Government

bloomberg.com · by Angeline Benoit

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.”

While the euro zone has a common currency, fiscal and economic policies remain mostly in the hands of each member state. European Central Bank President Mario Draghi made a plea this week for deeper cooperation between the euro members after political squabbles over Greece almost led to a rupture in the single currency.

Countries in favor of more integration should move ahead, forming an “avant-garde,” Hollande said.

“Europe has let its institutions weaken and the 28 European Union member countries are struggling to agree to move ahead,” Hollande said on Sunday in a text which was also a homage to his mentor Jacques Delors, a former European Commission President who proposed similar ideas.

Draghi called for the creation of a shared treasury within 10 years in a joint proposal with politicians including European Commission President Jean-Claude Juncker and Eurogroup President Jeroen Dijsselbloem last month.

It would seem the reasoning proposed here is shared in a Huffington Post article by Nathan Gardels, THEWORLDPOST
“This week the geopolitical balance changed decisively. As Margaret Thatcher long ago, a German Europe, not a Europeanized Germany, would one day be the dominant reality on the continent. The tough terms of the latest Greek bailout and the relegation of France to a junior partner in those negotiations confirm her prescience.”
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