The Euro Empire

Vox Day:

In the Eurozone, the state of democracy is even worse, thanks to the latest version of what is improbably described as the "Greek rescue deal." The "stability union," which was announced in Brussels last week, removes the power of national governments to make decisions concerning issues of taxing and public spending. This means that the two central economic functions of national government, monetary and fiscal policy, are now completely out of government control.

This is scary. The Euro took away monetary control out of the hands of smaller European governments and concentrated the power mainly in Germany and France. But soon taxation and spending will no longer be decided upon by national governments in Europe! No wonder the peoples in many nations are angry. Their voice has become meaningless.