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Saturday, January 8, 2011

Core Europe in the Making

The Guardian wrote on January 4:
“2011 could turn out to be the year that a multispeed Europe starts to look more like a two-speed Europe, with an inner core impelled towards closer political and economic union by the need to rescue the single currency.

“The UK risks becoming a marginal voice, as European decision making is increasingly centred around the euro area. The French and allies are pushing hard for summits restricted to euro area leaders, who would meet to discuss ‘European economic government’ within their inner core… Britain is the least powerful of the three most powerful countries that between them dominate the EU. On its own, it cannot make the EU bend to its will…

“The single market's creation, nearly two decades ago, required an unholy alliance between European federalists and free market liberals… calling for a free-trade Europe without a supra-national regulator at the top is so much empty talk, you don't get one without the other.

“As EU leaders struggle to save the euro in 2011, the danger is of a different bargain between federalists and corporatists. In concrete terms, rich paymaster countries like France and Germany may accept pleas to guarantee the debts of insolvent nations on Europe's periphery only in exchange for economic harmonisation on their terms. The numbers would be on their side: assemble the countries that use the euro – with such free-market advocates as Britain, Sweden, Denmark or the Czech Republic absent from the room – and the balance of opinion swings towards interventionism.

“…any creation of a formal inner core around the single currency… could change the very nature of the European project, in ways that make it far less congenial to the free market… If 2011 does see a leap towards a two-speed Europe, securing a place in the slow lane will only mark the start of Britain's worries.”

The Bible clearly prophesies the emergence of a core Europe, consisting of ten nations or groups of nations, and countries like Britain, Denmark and Sweden will—in all likelihood--not be part of core Europe.

Culled from church of the eternal God weekly


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