European Union institutions no longer work. A radical financial and democratic settlement is needed

The European Union is experiencing an existential crisis, as the European elections will soon brutally remind us. This mainly involves the eurozone countries, which are mired in a climate of distrust and a debt crisis that is very far from over: unemployment persists and deflation threatens. Nothing could be further from the truth than imagining that the worst is behind us.

This is why we welcome with great interest the proposals made at the end of 2013 by our German friends from the Glienicke group for strengthening the political and fiscal union of the eurozone countries. Alone, our two countries will soon not weigh much in the world economy. If we do not unite in time to bring our model of society into the process of globalisation, then the temptation to retreat into our national borders will eventually prevail and give rise to tensions that will make the difficulties of union pale in comparison. In some ways, the European debate is much more advanced in Germany than in France. As economists, political scientists, journalists and, above all, citizens of France and Europe, we do not accept the sense of resignation that is paralysing our country. Through this manifesto, we would like to contribute to the debate on the democratic future of Europe and take the proposals of the Glienicke group still further.

http://www.theguardian.com/

Related Posts

  • 70
    The European Debt Crisis Visualized http://www.bloomberg.com/
    Tags: european, crisis, debt, europe, economy
  • 62
    Richard McGuire, head of rates strategy at Rabobank, warns in a weekly note to clients that the groundwork is being laid in Europe for a crisis accelerant down the road. ... Friday, Germany's constitutional court refrained from issuing a ruling on the legality of the European Central Bank's Outright Monetary…
    Tags: european, financial, eurozone, crisis, europe
  • 62
    There is no reason to further extend a European Union deadline for France to cut its budget deficit, the EU's top economic official said on Saturday, adding policy-makers should have learnt the lessons of the debt crisis and stuck to agreed rules. In June last year Paris got two more…
    Tags: france, european, economy, debt, bring, union, time, crisis, europe
  • 53
    "There are no facts, only interpretations”, Friedrich Nietzsche once said. One needn’t be a nihilist or a relativist to be bemused at the latest radical rewriting of history from our official number-crunchers. Everything we thought we knew about the British economy’s performance over the past 15 years or so now…
    Tags: economy, great, radical, national, europe
  • 52
      Low euro is like a "deflation" of the Euro. Is this good or bad ? Lets talk about devaluation. The idea being that the goods the nation has to offer will cost less with devaluation. Good idea, right? Many countries have resorted to this economic maneuver in order to increase exports.…
    Tags: countries, will, deflation, country, europe, economy