President Nicolas Sarkozy and Chancellor Angela Merkel could go down in history as being the people who created the EUROZONE and who were instrumental in saving the EURO.
There is still a lot of work to do and they know this, but no one country or person can do this alone !!!
The basic problem is that the EU treaty of LISBON is flawed; there are too many potholes in it. The new EUROZONE TREATY of the 17 countries which have the EURO as their national currency, can avoid all these potholes and in so doing provoke a revision of the LISBON TREATY by all the 27 EU member countries afterwards !!!
The main structural problems to avoid, to correct, or modify are:
- 100% unanimity in all votes: a 75 - 25 % rule would avoid current stale-mates.
- There is at present a Parliament of the EU: should there not be a Revision Chamber or Senate or Council of Super powers to adopt the Acts of the EU Parliament ?
- Should there not be a Prime Minister with a Cabinet elected by MEP's ? (MEP = Member of the European Parliament). Is the existance of the European Commission vital, or is it more of a hindrance ?
- Should MEP's not be elected at the same time when there are National Elections ? Should EU elections every 5 years not be scrapped ?
The new Eurozone structure must take the above points into consideration in order to create a more conviviable structure to attain the important goals aimed at the survival of the EURO !!!
Later, someone like David Cameron could perhaps mastermind the revision of the Lisbon Treaty. One must not forget that
there are 27 member countries in the EU.
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