The 'United States Of Europe' Beckons

12/17/2011 09:06

YahooNews:  It has long been said that the euro was just a step towards a federal Europe. When the European currency went into crisis, as it would be assured to do so, it would force closer fiscal integration--effectively meaning closer political union.

Closer union appears to be coming true. The euro, in its old form, has fallen into crisis and the price European countries have to pay is a large loss of sovereignty. Nationalists would consider this disastrous. In reality, there are not so many nationalists in Europe these days and many countries, and their populations, consider themselves European and see little problem with further integration.

What is set to happen is that the European super state will hold the cheque book of euro member countries; or at least be able to snap it shut should any one country wish to run away with its local budget.

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