- This spells the end of national sovereignties in Europe. All the national central banks like the German Bundesbank is effectively obsolete! It also implies that national governments no longer have a say in monetary/economic policies. Of course, national governments in Europe will still pretend they are in control when the EU parliament has taken over! What we are about to see is the United States of Europe! The Rise of the Revived Roman Empire, 10 Horn Beast Endtimes Empire!