A Quote by Barry Eichengreen
Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.
Related Quotes
Europe is my home, Europe is my continent. Europe is where we live. The European Union is a political bureaucratic organization that took away our identity and our national sovereignty. So, I would get rid of the European Union and be a nation-state again.
European Union partners never said European Union partners're going to renege on any promises, European Union partners said that European Union partners promises concern a four-year parliamentary term, european Union partners will be spaced out in an optimal way, in a way that is in tune with our bargaining stance in Europe and also with the fiscal position of the Greek state.
There is a proposal to divide the currency zone into a north and a south euro. There is also the idea of setting up a core monetary union in the middle of Europe. I disapprove of these debates. Instead, we should devote all of our efforts to supplementing the monetary union with a political union.
The European Union is effectively a union dominated by the German political and economic elite. Its main function is to serve as a nucleus for financial capitalism and to ease the road for that capitalism. The other functions just irritate everyone: it's undemocratic; decisions are not made by parliament; the European Parliament is not sovereign.
Britain is not part of the single currency. That is a decision we have taken, a voluntary decision of this country, but as a result are part of a European Union 19 of whose members are rapidly integrating, creating political, fiscal, monetary, economic union to make their currency work. And that is increasingly rubbing up against the operation.
Was the Soviet Union reformable? I would say no. They said, 'Okay, the Soviet Union isn't working.' They would say, 'No, it's great. We just need democracy, political pluralism, private property.' And then there was no Soviet Union. The European Union is the same.
For the institutions of the European Union are at present incomplete. A European Senate is badly needed to complete them. By creating an upper chamber in the European parliament, a new bridge could be built between national political classes, which retain democratic legitimacy, and the decision-making process in Brussels. Such a Senate should be recruited by indirect election from exisiting national parliaments.
After choosing monetary union, further political union and workable governance in Europe was always going to be necessary.
The heart of the matter is that the very nature of the European Union, and of this country's relationship with it, has fundamentally changed after the coming into being of the European monetary union and the creation of the eurozone, of which - quite rightly - we are not a part.
The ultimate goal is not simply a superhighway, but an integrated North American Union--complete with a currency, a cross-national bureaucracy, and virtually borderless travel within the Union. Like the European Union, a North American Union would represent another step toward the abolition of national sovereignty altogether.
Let's not underestimate the European Union. You know what united Europe? Values. And that's why I am absolutely sure about the unity of the European Union and its solidarity with Ukraine.
Here we have the Schengen agreement, and the truth is that for years we trusted each other and set border controls on the outer borders of the European Union. And as was the case with the economic and monetary union, with this step, regarding the management of the Schengen area, we did not go all the way in terms of political solutions.
The European Union is a union of the extreme center. It's a banker's union. You see how they operate in country after country, appointing technocrats to take over and run countries for long periods. They did it in Greece; they did it in Italy; they considered it in other parts of Europe.
How can we later criticise other countries outside the European Union for adopting such measures to repress opponents when we are tolerating this inside the European Union with European citizens? Like me - I'm a European citizen.
The European Union cannot be compared to the United States. America is a nation, but Europe is not. Europe is a continent of many different nations with their own identities, traditions and languages. Robbing them of their national democracies does not create a European democracy - it destroys democracy in Europe.
The European Union has become a prison of peoples. Each of the 28 countries that constitute it has slowly lost its democratic prerogatives to commissions and councils with no popular mandate. Every nation in the union has had to apply laws it did not want for itself.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist