Posted by German Chancellor Angela Merkel and French President Nicolas Sarkozy have spoken out in favour of a European economic government for all 27 states.
The initiative is harming the EU, writes the daily Der Standard:
“A budget plan for the next few years in EU states is sensible, and presenting it to the Commission and the Council also makes sense. But that this should take place before MPs in the individual member states have been allowed to have their say is without doubt a democratic deficit and raises questions of legitimacy. We are now paying the price for the fact that the founders of the euro, in particular the German chancellor at the time Helmut Kohl, pushed through economic and monetary union but didn’t have the courage to take the step towards political integration this required. Kohl’s successor Merkel summed it up at her meeting with Sarkozy: ‘We are currently going through a rather existential phase in which the future of Europe is at stake.’ Merkel and Sarkozy have done nothing to improve the prospects.”
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