Reuters reports that German Chancellor Angela Merkel said on Monday that “euro zone members must be prepared to cede control over certain policy domains to European institutions if the bloc is truly to overcome its debt crisis and win back foreign investors.” The comments made by the German leader can be considered as a statement of intent in regard to the upcoming meeting of the European leaders who will discuss the creation of the “European fiscal union”. A European fiscal union will allow direct budgetary transfers between the member states but it will also require that the members of the European Union cede their right to establish their own budgetary policies to the supranational decision makers in Brussels.

 Indirectly, Merkel’s comments came as a retort to the Prime Minister of Poland who said that “it would be dangerous if other countries in Europe felt that Germany is imposing its own economic model across the entire bloc”. Berlin supports the idea that the differences between the European economies do not matter as long as the European Union is orientated toward best practices. It is obvious that, in Merkel’s view, “best practices” mean “German practices”, so the German solution for the European crisis is actually a “one size fits all solution” that boils down to forcing all European countries to mimic the German way of solving economic issues. It seems that Angela Merkel and her entourage fail to understand the implications of the fact that most European economies are radically different from the German one and can’t be reformed to resemble the German economy. Berlin is asking the European leaders to cede their right to budgetary and financial self-determination in order to create a German-controlled European fiscal union. The strongest argument in favor of such a reform is that a fiscal union will help fight the economic crisis but not everyone agrees with this view.

 It seems that the existence of the economic crisis has become a tool for blackmailing and coercing the European leaders into ceding the sovereignty of their countries.“We seem to find common solutions when we are staring over the abyss,” Merkel said. If “starring into the abyss” fits the German agenda, then it is possible that the crisis is prolonged artificially in order to advance the German plans of creating a European Federation and transferring the sovereignty of the European states to the unelected officials of the European Commission.

http://english.ruvr.ru/2013_04_22/Germany-forces-EU-countries-to-cede-sovereignty/