How do you get from "intrusive powers" and "ceding national sovereignty" to "joint debt issuance for the euro zone"? That's a bit of a stretch, don't you think? What the authors appear to be saying is that once nations abandon democracy altogether, then the Brussels-Berlin Axis will issue eurobonds to rebalance the system so that Soviet Europe works in a way that maximizes profits for the banksters. Is that what this is all about?
Sure it is. (Mike Whitney)
http://www.counterpunch.org/2011/11/29/an-irreversible-slide/
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I guess it doesn't really matter since none of these measures are going to work.
CG