Despite the utter political and economic failures of the European Union, lawmakers from across the continent are hell bent on furthering the “European Project”. The latest phase of said project is further political integration of all European states – aka – a Superstate.
As per RT:
The leaders of the lower chambers of parliament of Germany, Italy, France, and Luxembourg have called for a European “Federal Union” in an open letter published in Italian newspaper La Stampa on Sunday.
In the letter, four representatives of EU governments – Claude Bartolone of the French National Assembly, Laura Boldrini of the Italian Chamber of Deputies, Norbert Lammert of the German Bundestag, and Mars Di Bartolomeo of the Luxembourg Chamber of Deputies – say that closer cooperation is essential for dealing with problems that no one EU state can tackle on its own, such as immigration, terrorism, and climate change.
“Now is the moment to move towards closer political integration — the Federal Union of States with broad powers. We know that the prospect stirs up strong resistance, but the inaction of some cannot be the paralysis of all. Those who believe in European ideals, should be able to give them a new life instead of helplessly observing its slow sunset,” the letter read.
While European lawmakers move to destroy its continent’s borders, a new economic crisis between Germany and Greece appears to have resurfaced.
Zerohedge reports:
The standoff over the Greek debt crisis was nowhere closer to an amicable resolution on Sunday, when Germany’s deputy finance minister Jens Spahn said in an interview with German broadcaster Deutschlandfunk that Greece must not be granted a “bail in” that would involve creditors taking a loss on their loans, reiterating the German government’s opposition to debt relief for Athens, and confirming that when it comes to Europe’s recently adopted “bail-in” protocols, they “work” in theory, but certainly not in practice (see the latest taxpayer funded bailout of Monte Paschi for another recent example).
“There must not be a bail-in,” Jens Spahn said quoted by Reuters, adding that “we think it is very, very likely that we will come to an agreement with the International Monetary Fund that does not require a haircut,” he said, referring to losses that Greece’s creditors would have to take if debt was written off.
Many believed the Greece’s debt crisis was solved, but the country is facing a multi-billion euro payment and there is deep concern over its ability to hold up the deal.
Zerohedge reports:
Today’s news will hardly be welcome in Athens, where the increasingly more unpopular Syriza party has been promising a debt haircut, despite Germany making it abundantly clear such an action would not take place. In any event, we expect no real progress over the latest Greek “situation” for at least another 5 months, when Greece faces €6 billion in bond payments on July 17 and 20, at which point the can will once again be kicked, even if it means more unsustainable debt for the insolvent nation.
Even as the EU struggles to fight terror and get its fiscal house in order, the globalists want to create a superstate to balance the burden of its member’s issues.
Follow Josh Caplan on Twitter at @JoshDCaplan
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