Die EU-Kommission schürt jetzt kräftig die Angst vor einem Euro-Austritt Griechenlands. Das wäre gaaanz schlimm, so heißt es. Die Drachme würde total absacken gegenüber dem Euro-Rest. Kann schon sein, darum ist es vielleicht besser, wenn wir gleich alle aus dem Euro austreten und das intellektuelle Experiment auf dem Rücken der Bürger beenden.
One of the main objectives of European Unification is detaining Germany, put it Wall Street Journal Commentator Irwin Stelzer. Superficially seen, Germany widened its influence in the course of financial crisis. German Chancellor Angela Merkel tries to align the EU with German economic standards as part of the effort to handle systemic repercussions of financial crisis.
Irwin Stelzer argues that this would create a German Europe. In my book this is wrong, because German propositions result in growing power of EU central institutions. Maybe these institutions then smack of German economic standards, but Germany as a nation state cannot benefit from this. Therefore Merkel is now confronted with growing resistance in German parliament. Politcians there belief that German standards in fact will erode in the EU over the years and this is why they are not very fond of introducing more central EU power.
Wall Street Journal: Europe´s Not Playing Ball With Merkel
German Chancellor Angela Merkel seeks concessions from EU partners in end of the week’s EU summit. European leaders there will discuss how the Euro could be saved and how a robust regime for European economies could be created. According to The Wall Street Journal, it boils down to a kind of “European Economy Government”. The newspaper learned from high German officials, that “Merkel wants to give teeth to EU rules”.
Merkel puts forward automatic sanctions for those countries which are in a debt trap. The German chancellor wants to attain a comprehensive solution which could result in a so-called European Economic Government. This new institution could be able to control national fiscal policy and harmonize social standards. This will be a massive encroachment on national sovereignty and will diminish influence of national democracy without having yet a European equivalent.
The Wall Street Journal