Will Europe make war on exiteers?

Advertisement

From the Daily Mail:

Germany’s foreign minister Frank-Walter Steinmeier and his French counterpart Jean-Marc Ayrault today presented a proposal for closer EU integration based on three key areas – internal and external security, the migrant crisis, and economic cooperation.

But the plans have been described as an ‘ultimatum’ in Poland, with claims it would mean countries transfer their armies, economic systems and border controls to the EU.

Foreign ministers of France and Germany are said to have drawn up a blueprint for a ‘European superstate’ as leaders Francois Hollande (left) and Angela Merkel (centre) met with Italian Prime Minister Matteo Renzi (right) tonight for crisis talks after the Brexit vote.

The plans have been ‘leaked’ to a Polish television channel and the country’s foreign minister Witold Waszczykowski, pictured, is said to be ‘outraged’.

…In their statement Monday, the three leaders said that the EU is a success and that the bloc is indispensable in securing ‘the economic and social progress for our people, and to assert Europe’s role in the world.’

But German Chancellor Angela Merkel, French President Hollande and Italian Premier Matteo Renzi acknowledged that the EU can only advance if it is supported by its people.

This is probably a beat up by the The Daily Heil as it’s known. Let’s hope so because Europe needs a better plan than transferring the state’s monopoly on violence to itself just as restive populations mull an exit.

To say the least.

Advertisement
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.