EU + political union: Have a nice D-day


German Chancellor Angela Merkel is calling for countries to give up more powers to Europe “step by step” as the continent tries to claw its way out of the debt crisis and says a “political union” is needed

http://www.independent.co.uk/news/world/europe/merkel-urges-gradual-political-union-in-europe-7827143.html

there would be no shred of democracy left in Europe. What “full integration within 6 to 12 months” translates into is a bloodless coup transferring power from elected national officials to transnational technocrats. Moreover, there would be no mechanism to undo the transfer. If the technocrats mess up (and there is little basis to expect otherwise), there will be nothing that the hapless European public can do about it.

Have a nice D-day.

http://econlog.econlib.org/archives/2012/06/the_bankers_vie.html