More EU integration Inevitable: Mercron will be forced to federal EU or eurozone will die

Angela Merkel and Emmanuel Macron

German chancellor Angela Merkel and new French president Emmanuel Macron [GETTY]

 

THE European Union single currency will only survive through even GREATER integrations, analysts have warned.

Eurozone nations will have to find ways of working more closely together despite growing anti-EU sentiment in some countries and the fallout from Brexit.

Analyst Antonio Barroso, managing director at Teneo Intelligence, told CNBC: “I think further integration is inevitable, especially if member states want to make the euro zone sustainable in the long term. Continue reading

EU is ‘bending rules’ as Spain and Portugal escape fines now Poland faces sanctions

Going against the insane immigration policies of Germany and Brussels is costly.

 

CRACKS in the EU were deepening today as it emerged fines against favoured nations were being scrapped while other countries were expected to stump up punitive sums after slipping into debt.

Last week German Finance Minister, Wolfgang Schauble, is reported to have lobbied several commissioners not to impose fines of 0.2 per cent of GDP on Spain and Portugal after they failed to reduce their fiscal deficit to 3 per cent GDP.

Spain’s deficit stood at 5.1 percent last year and Portugal’s at 4.4 percent, and under Union rules both nations have failed to take “effective action” to bring them down. Continue reading