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"Holy New World Order", Batman shouted to Robin; "forbiding sovereign countries to manage their own financial affairs comfirms my thoughts about the evil crowd in Gotham Central and that not all conspriracies are theory."
Another exclusive group or committee.......hasn't this theory already been tried in the Soviet Union and the U.S.???
From the article: "President Mario Draghi are working on plans for a "genuine fiscal union" in which individual member states would no longer be able to independently take on new borrowing.
Governments would only be able to decide how to spend money that is covered through their revenues, Der Spiegel reported. Any country that needs more money than it takes in would have to report that need to the group of euro finance ministers.
The magazine quoted four high-ranking EU planners saying this group of finance ministers would then decide which financial desires at which levels were justified and would then issue joint euro bonds to finance these new borrowing needs.
"The exclusive group of ministers would be led by a full-time chair, who could ultimately rise to the position of European finance minister," the magazine wrote.
The weekly added that this "powerful group of finance ministers" would be controlled by a new European body in which representatives of national parliaments would have seats."
Comments
Another exclusive group or committee.......hasn't this theory already been tried in the Soviet Union and the U.S.???
From the article: "President Mario Draghi are working on plans for a "genuine fiscal union" in which individual member states would no longer be able to independently take on new borrowing.
Governments would only be able to decide how to spend money that is covered through their revenues, Der Spiegel reported. Any country that needs more money than it takes in would have to report that need to the group of euro finance ministers.
The magazine quoted four high-ranking EU planners saying this group of finance ministers would then decide which financial desires at which levels were justified and would then issue joint euro bonds to finance these new borrowing needs.
"The exclusive group of ministers would be led by a full-time chair, who could ultimately rise to the position of European finance minister," the magazine wrote.
The weekly added that this "powerful group of finance ministers" would be controlled by a new European body in which representatives of national parliaments would have seats."