Germany Wants New European Constitution: “There Are New Centers Of Power In The World.”
Germany renews calls for a European constitution demanding member nations to forfeit fiscal sovereignty and require EU fiscal oversight to approve regional laws.
Last August, I reported on Germany making demands for EU nations to make extensive surrenders of their fiscal sovereignty to secure banker bailouts in the middle of the US debt ceiling debate.
Is The US Next? Germany Demands “Extensive Surrender Of National Fiscal Sovereignty” To Secure Bailouts
Germany demands an ‘extensive surrender of national fiscal sovereignty’ to bailout highly indebted European nations – a demand which could soon be forced upon the US.
Last week the governments of Germany and France called for a single government to rule over Europe to deal with the European debt crisis.
Today, Germany moves the game plan forward by issuing a statement outlining their demands for indebted European nation’s to secure banker bailouts.
In a statement that is nothing short of a plan to roll out the Fourth Reich, Germany is demanding nation’s give an “extensive surrender of national fiscal sovereignty to secure banker bailouts.
While Germany is making such demands for bailouts to the highly indebted European Nations, the German finance minister earlier attacked the U.S. for having high debt levels saying that the U.S. has higher debt levels than even the ‘most difficult’ country in Europe.
As the game plan is unveiled, China is already attacking the solvency of the United States, saying the US is on its way to default and implying America is committing accounting fraud.
China has also called for international oversight over the US dollar to protect their investment. China is also pushing for the creation of a single one world currency to replace the US dollar.
As I have reported before, America’s high debt could lead to a forced fire sale of sovereign assets to pay our debt back to China.
In fact, experts have already warned that the US will lose its sovereignty because our politicians have caused the debt to grow out of control to fund repeated banker bailouts and to fund multiple illegal perpetual wars.
The question is will the people of America being duped into joining a single one world “fiscal” government for the promise of paying off the debt of Wall Street Bankers and the military industrial complex?
Of course the citizen’s of Germany who are already burning the cars of fat cats are not at all happy about this.
While the media is ignoring the civil unrest in Europe and in Germany, this video captures the events unfolding in the mother land.
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Today, after news hit the wire that Greece has officially defaulted and the UK is preparing for the collapse of the Euro, Germany once again renewed those calls to create a single European “fiscal” government.
This time, the claims is in an attempt to prevent Spain, Portugal, Italy and other European nations from suffering the same fate as Greece.
Germany wants to “reignite a debate over creating an EU constitution”, Reuters reports, “to strengthen the bloc’s ability to fight off financial troubles and counter-balance the rising influence of emerging economies”. Guido Westerwelle noted that Germany EU leaders “need a new constitution… as there are new centers of power in the world.” A key change that Germany wants for instance is an amendment to incorporate tighter regional oversight of government spending and allow the EU court of Justice to strike down Spain’s a member’s laws if they violated fiscal discipline. Here comes the ‘Pro-Quo’ to the Greek Bailout ‘Quid’!
Reuters: Germany wants new debate on EU constitution: minister
(Reuters) – Germany wants to reignite a debate over creating an EU constitution to strengthen the bloc’s ability to fight off financial troubles and counter-balance the rising influence of emerging economies, Germany’s foreign minister said on Friday.
“We have to open a new chapter in European politics,” Westerwelle told reporters on the sidelines of a meeting of EU foreign ministers in Copenhagen. “We need more efficient decision structures.”
“I think we have to reopen the debate about a European constitution again,” he said. “We have a good treaty, but we need a constitution … There are new centers of power in the world.”
German government sources said representatives of several EU member states would likely meet in the next few weeks for talks.
Driven by public frustration over financial bailouts for debt-stricken states, Germany has fought hard over the last year to amend the EU’s Lisbon Treaty, a watered-down version of the 2005 constitution proposal.
German Finance Minister Wolfgang Schaeuble had said in November that his country wanted to see changes to the EU’s Lisbon Treaty by the end of 2012 in order to lay the foundation for a common fiscal policy in the bloc.
Germany argued that change was needed to enshrine tougher fiscal discipline and safeguard the bloc from further financial troubles.
For example, it wanted an amendment to incorporate tighter regional oversight of government spending and allow the European Court of Justice to strike down a member’s laws if they violated fiscal discipline.
But Britain vetoed the plan in December in a row over safeguards for its financial sector.