Doubling Down: Germany, France Propose Collective Government for Eurozone Led by EU President

August 16th, 2011

HAHA. What could possibly go wrong?

Via: CBC:

The leaders of Germany and France are proposing collective governance for the euro zone led by the European Union president.

Angela Merkel and Nicolas Sarkozy announced the proposal Tuesday after meeting in Paris, as new figures showed economic growth in the region all but stalled even before last week’s turmoil on the financial markets.

Sarkozy said he and Merkel want a “true European economic government” that would consist of the heads of state and government of all eurozone nations.

The leaders are also pushing all 17 nations that use the euro to enshrine balanced budgets in their constitutions.

The new body would meet twice a year and be led by EU President Herman Van Rompuy.

2 Responses to “Doubling Down: Germany, France Propose Collective Government for Eurozone Led by EU President”

  1. pookie says:

    “Economic affairs cannot be kept going by magistrates and policemen.” Ludwig von Mises, The Theory of Money and Credit, 1912

  2. alvinroast says:

    It’s been a long time since I read Atlas Shrugged, but this sounds like it was taken straight from the book.

    I’ve been pondering for the last few years if maybe some of the elite take Atlas Shrugged as a blueprint rather than fiction(outsourcing industry to China, rise of EU, sound of silence weapon, Obama, etc.). It strikes me in much the same way as how certain evangelicals think we need to bring about the apocalypse or the way the Brits seem to strive for the most obviously Orwellian world. Perhaps they dream that we must bring the economy to a full stop before we (if you wear a blue robe and hang with billionaires) arrive at Galt’s Gulch.

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