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 →
If you’re been following Global Geopolitics for a few years now this will have come as no surprise. The only new element is that we’re no longer in the planning stage, but somewhere between the deployment and implementation phases.
PROPOSALS to introduce a European Union-wide tax system has infuriated British taxpayers – who fear the move is yet another flagrant step in Brussels’ attempt to build a Euro-superstate.
The controversial system, which is described in EU documents as the “harmonisation of European taxation”, was put forward by the EU Economic and Monetary Affairs Committee last week.
The group’s explanatory statement reads: “Building economic and monetary union must be achieved through a harmonisation of European taxation. Fair and effective corporate taxation must become the cornerstone of the single market.