While it’s true that further integration (and also the introduction of Eurobonds) will help stem the tide, it is not a permanent solution and is only kicking the proverbial can down the road. In addition, all roads continue to lead to Germany as the main benefactor of the crisis.
European Commission President Jose Manuel Barroso called for EU nations to sign a new treaty as he called for “greater unity” within EU, during his first major speech after the summer break, September 1.
His speech comes after reports that Germany has been quietly making the same proposal despite it being opposed by most EU nations.
Speaking at a convention of supreme court judges in The Hague, Barroso said that power at “the European level has yet to be consolidated to such a degree” that the EU can effectively solve its problems.
“We are experiencing a situation in which we need greater unity and coherence between our policies, as well as greater legislative harmonization,” he said. “And, to achieve all this, we need greater institutional integration.”
“The crisis has made it clear that we must not only complete the economic and monetary union, but also pursue greater economic integration and deeper political and democratic union with appropriate mechanisms of accountability,” he explained.
Barroso also brought up one of the great contradictions in this crisis. “We need more integration, and the corollary of more integration has to be more democracy,” he said. This is a common sentiment from Eurocrats. But more integration and more democracy are mutually exclusive: The people of Europe want less integration. To Barroso and his ilk, integration comes first; the people don’t get a say about that. The EU remains a fundamentally undemocratic project.
Some, probably many, will opt out of this integration. But Barosso is right, the crisis is forcing Europe to unify, which is exactly what Europe elites designed the crisis to do.
Full article: Barroso: EU Needs New Treaty (The Trumpet)