Banking Union is the first step

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The Daily Telegraph notes today how this week’s EU summit begins a two-year process that will create full political European Union where member states will lose their right to make their own budgets.

Initially this is a plan between the Eurozone states, but it is unlikely things will stay that way.

This is how the EU operates. Rules from the Single European Act to create the single market and break down trade barriers have been used to further political integration.

The instruction manual of the EU, the Treaty of Rome, isn’t shy about its ambitions. It wants full political union. So you can take those opt-outs, those ‘safeguards’, and rip them up. They’re not worth the paper they’re written on.

Banking Union isn’t enough to save the Euro. Only full Union is on the agenda and this is what they want at the European Council.

If you can’t see that, then you’re blind.


Image: Flickr

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