German small video on the planned Euro-currency treaty

Respenus · 09-06-11, 09:59 AM

Hmm, Sky, while I do share more and more certain aspects of your viewpoint on the EU, I do have to point out, that whatever the video said, is mostly wrong. ESM isn't an entity like the Parliament or Commission, so the question of legal prosecution is the same as with the ECB or any Central bank at any point of time. That economic policymakers should be responsible to the people? Absolutely! That the ESM is suddenly evil incarnate that will control the budget of all Euro members? Absolutely not!

You should be more worried about the 6-pack of laws concerning economic governance and the Euro Plus pact about, which concerns itself with increasing competitiveness and certain fiscal measures. The ESM is nothing more than the EFSM in a new dress, with some new additional powers (very problematic, I fully support you in that), but it does nothing that would erode national sovereignty that hasn't already been done. Turning Europe into Germany on the other hand, which is what the packs of laws really are, is something that I, as an European citizen and someone who doesn't consider the German model to be sustainable, cannot support. Is the debt system capable of surviving? No. Can the German model? Also not likely, since you have criticised it yourself.

I would also like to point out to the newest Der Spiegel article on the question of a transfer union. The simple summary? Turn Europe into the USA or Switzerland, as no other model works. My response? Over my cold, dead body.

As always, we come to the same conclusion that things are bad, democracy is eroding (as it always is when appropriated by anyone), the economy is short of collapsing and the future is uncertain. So I've turned quite sanguine about the whole affair. Until the Revolution comes, there is little else for me to do.

09-06-11, 09:59 AM	#7
Respenus Ace of the Deep Join Date: Sep 2006 Posts: 1,169 Downloads: 0 Uploads: 0	Hmm, Sky, while I do share more and more certain aspects of your viewpoint on the EU, I do have to point out, that whatever the video said, is mostly wrong. ESM isn't an entity like the Parliament or Commission, so the question of legal prosecution is the same as with the ECB or any Central bank at any point of time. That economic policymakers should be responsible to the people? Absolutely! That the ESM is suddenly evil incarnate that will control the budget of all Euro members? Absolutely not! You should be more worried about the 6-pack of laws concerning economic governance and the Euro Plus pact about, which concerns itself with increasing competitiveness and certain fiscal measures. The ESM is nothing more than the EFSM in a new dress, with some new additional powers (very problematic, I fully support you in that), but it does nothing that would erode national sovereignty that hasn't already been done. Turning Europe into Germany on the other hand, which is what the packs of laws really are, is something that I, as an European citizen and someone who doesn't consider the German model to be sustainable, cannot support. Is the debt system capable of surviving? No. Can the German model? Also not likely, since you have criticised it yourself. I would also like to point out to the newest Der Spiegel article on the question of a transfer union. The simple summary? Turn Europe into the USA or Switzerland, as no other model works. My response? Over my cold, dead body. As always, we come to the same conclusion that things are bad, democracy is eroding (as it always is when appropriated by anyone), the economy is short of collapsing and the future is uncertain. So I've turned quite sanguine about the whole affair. Until the Revolution comes, there is little else for me to do. __________________