Friday, February 19, 2016

EU Refuses to Block Eurozone Integration to Reach Agreement With UK

Campaign balloon sums up the sheer pointlessness of the EU summit as leaders pretend the EU is not falling apart at the seams whatever the British voters decide. (Image Source)

Austrian Chancellor Werner Faymann said at the E?U summit on British membership terms that the European Union wants to reach an agreement with the United Kingdom, but it is not prepared to compromise the banking union (financial integration) or the further integration of monetary union (UK being forced to abandon the pound join the Euro?) to achieve this goal.

The European Union will not agree to the further integration of the euro zone towards the formation of a federal European superstate being jeopardized in order to retain the United Kingdom as a member of the bloc the Austrian Reichsfuhrer Faymann said Friday.

On February 18-19, EU leaders meeting in Brussels to discuss the issue of the United Kingdom’s membership of the European Union, found so many differences between the British vision for Europe and that of the German fourth reich other member states. UK Prime Minister David Cameron put forward four key proposals that if agreed would enable him to sell a European future to British citizens. These included the removal of the Euro's single official EU currency status, which would render the integration of all EU countries into the eurozone formally impossible.

Faymann told reporters that the bloc wants to reach an agreement with the United Kingdom, but it is not prepared to compromise the banking union or the further integration of monetary union to achieve this goal.

Last year, while campaigning in the General Election Mr. Cameron promised voters a referendum on the United Kingdom's future within the European Union by the end of 2017, following a renegotiation of the terms of Britain's membership to make the progressive loss of sovereignty and transfer of lawmaking powers from the elected Parliament in London to unelected bureaucrats in Brussels.

Apart from the European multi-currency status, Cameron has proposed halting the shift of power away from Parliament to the EU and returning sovereignty over employment law, human rights, trade and commercial law and immigration, finance and foreign policy and consumer protection law to the peoples' elected representatives. This would leave Britain as an 'associate member', a trading partner but outside the single EU "superstate" principle, and protect the British economy by keeping eurozone bureaucrats away from our traade and diplomatic relations with non-eurozone countries.


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