BILDERBERG IMF CHIEF CALLS FOR EUROPEAN STATES TO CEDE MORE SOVEREIGNTY TO SOLVE FINANCIAL CRISIS
Following the recent statement of
But cede it to what?
Strauss-Kahn is apparently calling for a body that is 'independent' of the EU and yet at the centre of the EU. Is he suggesting a mini-IMF for the EU alone, or a branch of the IMF in the heart of Europe?
"The wheels of co-operation move too slowly. The centre must seize the initiative in all areas key to reaching the common destiny of the union, especially in financial, economic and social policy. Countries must be willing to cede more authority to the centre...The sovereign crisis is not over...The area’s institutions were simply not up to the task of managing a crisis – even setting up a temporary solution proved to be a drawn-out process. One [solution] is to shift the main responsibility for enforcement of fiscal discipline and key structural reforms away from the Council. This would minimize the risk of narrow national interests interfering with effective implementation of the common rules."
[source : IMF chief Dominique Strauss-Kahn urges leaders to cede more sovereignty to EU, The Daily Telegraph, 19/11/2010]