Re: EU referendum

Originally Posted by
Kirkland Laing
Before every major treaty over the years when they've integrated further they've issued a plan about ten years before the treaty. They've issued a new plan called the Five Presidents Report. It basically goes all the way. Full banking and fiscal union and common institutions like a euro army. The banking and fiscal union means a euro trasury that taxes and spends for the whole of europe and the banking union means the euro central bank issues bonds and all countries share each others' debt. So Greece and Italy's debt is all pooled together with ours and Germany's debt and we're all responsible for it and any future banks going bust in europe.
So if you're voting yes that's what they're aiming for eventually. If they don't get it it's only because the common currency is falling apart.
Is that a bad thing though? I think the way forward is greater European unity. It is a way of improving the rights of the working class whilst competing on the world stage. It is far from perfect, but short of revolution and the end Capitalism, to me it is the best way to go.
"Boxing is like jazz. The better it is, the less people appreciate it."
George Foreman
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