The proposal, put forward by Herman Van Rompuy, the European Council president, would be the clearest sign yet of a new “United States of Europe” — with Britain left on the sidelines.Resurrection of the Dead
The plan comes as European governments desperately trying to save the euro from collapse last night faced a new bombshell, with sources at the International Monetary Fund saying it would not pay for a second Greek bail-out.
The single Treasury plan emerged in Brussels yesterday as Europe’s finance ministers tried to find a way out of the crisis engulfing the eurozone. A full-scale rescue plan could cost about £1.75 trillion.
British sources said Mr Van Rompuy, who is regarded as being close to the German government, suggested plans for a “finance ministry” to be based either in Frankfurt or Paris. The EU already has its own “foreign ministry”, headed by Baroness Ashton, the former British Labour minister, and based in Brussels.
A senior Coalition source told The Sunday Telegraph: “I am well aware of arguments in Brussels and elsewhere in favour of a single Treasury. You’d get any number of different versions of 'Europe’ all running at very different speeds.”
A series of meetings are due to be held over the next few days on the eurozone crisis that will involve the leaders of EU member states.
I am tired of nonsensical headlines that have a zero percent chance of happening.
Anyone who gives any credence to blowhards like Herman Van Rompuy is a complete fool or is looking to gain hits via absurd headlines.
There is NOT going to be a single treasury for the EU because it will require a referendum from German voters whom will not go along with it. For that matter nor will Finland, Austria, the Netherlands and possibly other countries.
More importantly, there is a zero % chance the Telegraph does not realize that.
To be sure Van Rompuy, keeps attempting to resurrect dead ideas, However, the 10th attempt does not deserve a headline like "New euro empire plot by Brussels".
Instead the headline should be openly mocking of the Van Rompuy.
The only way the Telegraph headline makes any sense is if it was done on purpose, to gather hits. The Telegraph got hits from me, but likely ones they do not want.
Mike "Mish" Shedlock
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