This is, err, interesting

Commission president Jose Barroso unveiled plans for EU control over national budgets, including an incendiary demand that Brussels should vet budgets before their first reading in Westminster, the Bundestag, and other parliaments. Current account deficits and credit growth will be monitored. Brussels can imposing sanctions on states that let booms run out of control. \”We must get to the root of the problems,\” he said.

Essentially, the end of any fiscal or economic independence.

Going to be interesting in that coalition government really….the most eurosceptic of the large parties in alliance with the most federast of them…..

8 comments on “This is, err, interesting

  1. ….I voted UKIP, so at least I can say I don’t bear collective guilt on this…..

    That depends on whether your voting UKIP helped a Lib Dem to win against a Conservative

  2. Told you, economic dictatorship would be imposed first rather than accept the break-up of the euro-zone.
    But it is also a bit like a bank manager refusing to extend a loan unless the requesting company(shareholders) cut out the expensive wines at the executive dining-room.

  3. “That depends on whether your voting UKIP helped a Lib Dem to win against a Conservative”

    You vote for what you believe.

    A candidate’s failure to get elected, is not, and can never be the fault of the electorate, any more than a fence is to blame for the failure of a horse to win a race.

  4. “That depends on whether your voting UKIP helped a Lib Dem to win against a Conservative”

    In what way would that have made any difference?

  5. This is kind of implicit in the common currency, isn’t it? I suppose the original stability pact isn’t strong enough to prevent Greece from happenning.

    In return for a strongecomomy via the Euro ( an unearned shortcut) the smaller, poorer countries are finding out what they actually let themselves in for.

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