Tuesday, June 26, 2012

European Council President Herman Van Rompuy Releases Terrifying Proposals Ahead of This Week's Summit

Never let a good crisis go to waste.
I loathe EUrocrats almost as much as I loathe UNocrats.*
From Reason's Hit & Run blog:
Herman Van Rompuy, President of the European Council, has released a terrifying document outlining plans for “genuine economic and monetary union” ahead of this week’s summit.

Rompuy, once chastised by Nigel Farage as having “the charisma of a damp rag and the appearance of a low grade bank clerk”, is making sure that this crisis does not go to waste and is using it to implement what many in Brussels have wanted for a long time.

 The founding document of the European Union emphasizes the need for “an ever closer union among the European people.” While the euro may have been a disastrous attempt to achieve this goal, something much more worrying could be the result of the currency’s gradual collapse.

The new document outlines “four essential building blocks”: 1) an integrated financial framework, 2) an integrated budgetary framework, 3) an integrated economic policy framework, and 4) ensuring the necessary democratic legitimacy and accountability of decision-making with the EMU (Economic and Monetary Union).

There are many integrations and frameworks being proposed. What the document is outlining is the need for a European-wide banking supervision service, a deposit guarantee scheme, the pooling of debt, shared employment law and taxation levels, and the vetoing of member states’ budgets. The possibility of the eurozone as a whole borrowing money will be “explored”. German finance minister Wolfgang Schaeuble has called for the introduction of a European finance minister and an elected President of Europe....MORE
* From 2008's "European Politicians Think They are Rulers; Need Energy Wasting Palace":
I've made the point most recently here and more creatively in "Climate goals to cost European euro 3 a week":
This is, of course, light by an order of magnitude but the EU rulers (alas, they think of themselves as rulers, not servants of the people) are masters of the "Camel's nose under the tent" school of government. They know that if they told the populace the truth they might be treated rougher than Louis XVI was.

When MEP's dream, are they Capetian or Carolingian?
Capetian, methinks.

I've always liked the Carolingians better,
they seemed more human-

Charles II, the Bald
Louis II, the Stammerer
Charles, the Fat
Charles III, the Simple
Along the lines of the Brit's Aethelred II, the Unready
(my fav. royal nickname)

Anyhoo, from the Economic Times (India):...
Now we read in the Telegraph:
'Palace, jet and personal staff of 22' for the new EU president
And from 2011:
Sarkozy, Merkel Announce Plans to Wed, Restore Holy Roman Empire
Don't email, I know about Herr Professor Doktor Sauer and Carla Bruni, Just roll with me on this.
Europe has not been the same since the HRE folded its tent in 1806 after Napolean beat Francis II and forced him to abdicate on August 6.
Now 205 years to the day later....
I'm sorry, I can't continue.

The HR Emperor was the German top dog and that's not how I want to refer to Angela....
See also: "Now barmy EU says you CAN'T claim drinking water stops dehydration"
...UKIP MEP Paul Nuttall: ‘I had to read this four or five times before I believed it. This makes the bendy banana law look positively sane’ ...
I am not familiar with the bendy banana law.