Entries Tagged as 'European Debt Crisis'

The Newest Plan to Control Euro Members

November 22nd, 2011 at 12:27 am 3 Comments

What’s the newest strategy of the European Commission to remove any democratic accountability from the eurozone members? They are now aiming to consolidate all eurozone members on the IMF Executive Board into a single member, mind represented by… the European Commission.

The move would make the Commission less reliant on the pronouncements of European Council and the interests of the Union’s member states.

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Save the Euro, Lose Sovereignty

November 8th, 2011 at 12:44 pm 9 Comments

The race to save the euro, and how it’s being conducted, will not just affect bailed out countries’ control over their budgets. It will also likely harm what remaining democratic character the Union has by allowing for influence over debtor states’ votes in a way the treaties anticipate and forbid.

The euro may be saved, but these safeguards, critical to holding members accountable for their votes, will be forever lost.

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The G20–Failing Bigger Every Year

David Frum November 7th, 2011 at 1:02 pm 15 Comments

In my column for CNN, I discuss the failures of the recent G-20 summit:

Late last week, the leaders and finance ministers of the 20 biggest economies, the G-20, met in Cannes for their annual media extravaganza.

Surprise, surprise, the G-20 summit failed to allay anxieties about Greece — and has left the whole world anxious that Italy might be the next Euro country to plunge into crisis.

As usual, it’s very hard to see what could possibly be accomplished in an unwieldy format like this. Taxpayers confronting the enormous cost must wonder: How on earth did this event ever come into being anyway?

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