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That is a very peculiar definition of sovereignity. One which the general public does not share. The general public is not ready to hand over power of budgets, taxes, health care and pensions to the EU. It would take that to make EU institutions more powerful than the member states.

As far as power over the ECB is concerned, you need to remember that the member states still hold the ultimate weapon. They can leave the Euro.

There is a popular majority that will force a regression to the pre-Maastricht state, but not a popular majority that desires this. As usually the voters want to eat and keep the cake.

by oliver on Fri Jul 20th, 2012 at 04:22:39 PM EST
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