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10-24-2011, 04:20 PM #1
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Trichet Repeats Call For EU Abdication National Sovereignty
Trichet Repeats Call For European Finance Ministry, Abdication Of National Sovereignty
Submitted by Tyler Durden on 10/24/2011 12:33 -0400
Comments: 80 / Reads: 3,580
The outgoing ECB president has just released an extremely long-winded speech titled "Tomorrow and the day after tomorrow: a vision for Europe" in which he once again makes the simple case that without someone paying for the European experiment (ahem Germany), and without a Finance Ministry being created (read fiscal union), there is not much future to the creature known as the EMU (and parodied earlier). To wit: "This European finance ministry would, first, oversee the surveillance of both fiscal policies and competitiveness policies, and when necessary, have responsibility for imposing the “second stageâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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