Jose Manuel Barroso, the President of the European Commission, is again leading the charge to greater European Integration ahead of the meeting in Brussels of the Leaders of all the EU member countries.
This two day meeting which starts tomorrow June 28, 2012 takes place at a time when there is again a EURO crisis, but this time bigger than in previous years. Spain needs money (only 100 Billion Euros) to recapitalize Banks but will Italy also need help because of the rising cost of borrowing money ?
Barroso wants more integration politically, economically and fiscally !!! He also wants a monetary union. These are not new ideals !!! He cannot, however, ignore the fact that there are ten other countries which do not have the Euro as their currency !!!
What Mr Barroso really needs is a EUROZONE TREATY which specifies all the controls and the obligations which are required to control a Currency like the EURO !!!
It is because Eurozone countries have remained "uncontrolled" since the creation of the EURO that the present problems have become so critical !!! Have the ten other non-Euro countries begged for help ? No, because each country has its own Central Bank !!!
Countries are as different as chalk and cheese !!! Some are big, some are small !!! The same solution or principle cannot be blindly applied to every country !!!
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