As Greece prepares for an election which could decide the fate of Europe, find out how the EU project is slowly falling apart in the ten major member states and two cities which form its heart
In Greece, a far-Left Socialist party, Syriza, is poised to win elections with a political programme that would overturn eurozone policies. Many believe the Greek revolt against the loss of their economic sovereignty by eurozone diktat from Brussels or Frankfurt is only the beginning.
Eurozone countries would lose the right to set their own budgets and end up surrendering economic sovereignty to Brussels under a blueprint to “complete” the European Union’s single currency.
A masterplan for “completion of economic and monetary union” has been set out in a confidential document to be discussed by EU leaders at a Brussels summit next week.
In the nine-page paper, seen by The Daily Telegraph, Herman Van Rompuy, the president of the European Council – the monthly summits of EU leaders – charts a series of steps from ongoing financial reforms to overall political union for the eurozone. “The general objective will be to aim for a progressive pooling of economic sovereignty at the European level,” the paper states. Continue reading