Member states of the eurozone have set themselves on an “irreversible course towards a fiscal union” to underpin their common currency, even if it may take years to reach that goal, Angela Merkel, the German chancellor, told her parliament on Wednesday.
In a staunch defence of the results of last week’s European Union summit, Ms Merkel declared that “we are not just talking about a fiscal and stability union. We have begun to create one.”
While she expressed her “great regret” at the British veto of full-scale treaty changes, she insisted that the alternative of a new treaty for “at least” the 17 eurozone members would amount to a big step forward towards a comprehensive solution to the crisis.
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Europe has proved itself incapable of carrying out military operations without significant American support and countries should integrate their defence policies closely to become more effective – according to a report backed by members of the European Parliament in Strasbourg today.
It follows comments yesterday by foreign affairs chief Catherine Ashton, who said spending cuts were having an impact on the European Union’s ability to carry out its common security and defence policy.
The report outlines the “wasteful overcapacities and duplications” as well as “fragmented industry and markets” that result from 27 member states failing to coordinate their spending – which amounts to €200bn each year but still leads to “persistent capability gaps”. It claims the economic crisis should be used as an opportunity to implement “ambitious” reforms and give fresh impetus to integration.
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While working through the news I realized that the two leader figures in the EU are both woman. The most vocal one is Germany’s Merkel and the more hidden one is Ashton from the now pushed aside UK. One is leading the EU and the other is… well, she has the title.
Currently these two are working together to unite the EU even more, one with fiscal policies and the other with defense. Now I don’t know if this is stretching the Word to much, but this popped into my mind:
Dan 11:37 Neither shall he regard the God of his fathers, nor the desire of women, nor regard any god: for he shall magnify himself above all.
When the little horn rise to power, will he maybe push the desires of these powerful women aside and do whatever pleases him by implementing his own plans? I believe that the EU is doomed and whatever the politicians try will not work. It will be the little horn that heals the head.
But then again, it may all play out differently…