‘Germany will not stand in the way’: EU closer to reaching banking union deal

Along the path to creating a United States of Europe, one must first stop and consolidate the banking industry to create a level economic playing field for the rest of the bloc. Once this groundwork has been laid out, the military, or European Army, is next.

BRUSSELS/BERLIN – Germany signaled on Wednesday it was ready to back plans for the European Central Bank to be made the chief supervisor of banks, raising the prospect of a breakthrough on the European Union’s most ambitious financial reform.

Finance Minister Wolfgang Schaeuble told the German cabinet he was “optimistic” about a deal ahead of a meeting of EU finance ministers in Brussels on Wednesday, a German official said, speaking on condition of anonymity. Continue reading

Germany shocks EU with fiscal overlord demand

On the contrary, Germany is dividing and conquering the continent deeper as it sees fit — deeper than it likes to tell its own people.

There must be an EU “currency commissioner” with sweeping powers to strike down national budgets; a “large step towards fiscal union”; and yet another EU treaty.

Finance minister Wolfgang Schaeuble dropped his bombshell in talks with German journalists on a flight from Asia, and apparently had the blessing of Angela Merkel, the chancellor. “When I put forward such proposals, you can take it as a given that the chancellor agrees,” he said. Continue reading