ECB's Trichet Pushes For A European Finance Ministry!
“In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn’t such a great idea after all.”
Strobe Talbot, President Clinton’s Deputy Secretary of State, as quoted in Time, July 20th, 1992.
- The entire engineered economic collapse is about consolidation of power by the Illuminists. It is about using fraudulent finance for conquest. It is about the destruction of national sovereignties. The Illuminists are building their 10 horn Beast of Revelation 17. This is a revived Roman empire, EU 2.0 superstate.
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ECB’s Trichet pushes for a European finance ministry
By Louise Armitstead , http://www.telegraph.co.uk/
The boss of the European Central Bank (ECB) said that “strengthening the institutions of economic union” was vital to Europe’s future success, in a radical speech that is likely to alarm the UK Government. David Cameron has pledged to halt the creep of European powers.
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Mr Trichet, who was speaking after being awarded the annual Charlemagne prize for services to European unity, said that the European Union (EU) needed tougher tools – including the ability to veto national economic decisions – to deal with imprudent member states.
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He criticised the system whereby countries are effectively able to ignore EU fiscal austerity measures, “even if this attitude triggers major difficulties for other member countries”. In his vision “it would be not only possible, but in some cases compulsory, for the European authorities… to take themselves decisions applicable in the economy concerned.”
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He added that the authorities could have “the right to veto some national economic policy decisions. The remit could include in particular major fiscal spending items and elements essential for the country’s competitiveness.”
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During his speech, Mr Trichet did not distinguish between the 17-member eurozone and the 27-member EU. So far, the UK has kept a distance from the discussions on the European debt crises.
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“We are at present working discreetly with all our might to wrest this mysterious force called sovereignty out of the clutches of the local nation states of the world. All the time we are denying with our lips what we are doing with our hands.“
Professor Arnold Toynbee, in a June 1931 speech before the Institute for the Study of International Affairs in Copenhagen.
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