EU summit to consider 'reform contracts' for all euro states … Draft ideas ahead of next week's EU leaders summit foresee reform contracts for all euro states, political agreement on a full banking union and, post-2014, a budget for the eurozone. The still-to-be finalised conclusions, seen by EUobserver, envisage progress towards profound economic and monetary union – the lack of which is considered to have led to the eurozone's current crisis – in three phases. By March next year, EU leaders are supposed to agree the "operational framework" for a single European banking supervisor, the first of three planks necessary for full banking union. The proposed second phase (2013-2014) is where the EU leaders are likely to start haggling over language. It suggests that legislative proposals for a bank resolution directive and an EU-wide deposit guarantee scheme are made. If this passes there will "in essence be political agreement on a full banking union," said one contact. – EU Observer
Dominant Social Theme: We need bigness. We crave it.
Free-Market Analysis: As we and others have documented, EU officials decades ago anticipated an economic crisis that would yield a political union. That plan obviously remains unchanged.
We can see from the above article excerpt that what was plotted long ago is blossoming today. While the dominant social theme is surely one having to do with bigger being better, the subdominant social theme predictably involves the strengthening of the EU's financial sphere.
But was the lack of a "monetary union" the real reason for the EU's current troubles? Of course not. It is simply more directed history. Create a crisis. Make numerous attempts to "solve it." And finally, generate the solution you intended to inflict from the beginning. Here's more from the article:
The thinking in EU council president Herman Van Rompuy's cabinet is that all euro countries need to undertake reforms, no matter how fiscally prudent they are.
If the idea flies, the European Commission will be tasked with making a proposal on "such contractual arrangements" during 2013.
The draft conclusions imply that a possible change to the EU treaty would only come after European parliament elections and a new commission is installed in 2014.
In this phase – stage three – member states would aim for a "progressive pooling of economic sovereignty … as well as reinforced solidarity between member states."
This could include a "fiscal capacity" or eurozone budget with a "degree of automatic stabilisation at the European level" meaning a limited form of automatic aid transfers for countries that suddenly find themselves in trouble.
By then more and more core decisions would need to be taken at EU level including on national budgets and "enhanced coordination of economic policies" particularly in the areas of taxation and employment.
EU leaders are due to debate these pre-cooked conclusions at a two-day summit starting Thursday next week. The conclusions will be accompanied by a short paper presented by Van Rompuy on a "roadmap" to the economic and monetary union (EMU).
You see how it works? Because the process is a long one, we are not supposed to realize it is preordained. Because it is complex, we are not supposed to be aware of the much simpler reality.
But the reality IS simple. A group of individual nation-states, independent for several thousand years, are being stampeded in a particular direction.
At the top, the politicos and bankers work for the power elite that is ochestrating this particular chapter of directed history. Global governance is the goal, and the EU and other such planned regional unions are intended to aid in its creation.
Understand the powerful logic of directed history and you will be a good deal nearer to understanding the forces that affect you, your family and your colleagues every day. And once you comprehend, you can act.
