Merkel, echoing her Finance Minister, thinks that member states in the EU should have control of their national budgets taken away from them and given to Brussels. This suits the Germans of course and will mean that they can more effectively prune the nations budgets they currently don't like.
The reason for handing power to Brussels, to make it one of its 'competences' is because of the competent way it allowed countries into the EU and Euro that were basket cases and lied about their finances. Also, for introducing the Euro at all, a construct that had no ability whatsoever of working, it was always going to lead to a financial crisis.
But, we should not forget, for also not being able to get its own accounts signed off, ever. Giving control to Brussels would be the same as asking the BBC to form a policy for dealing with paedophiles. On that subject, what did the BBC report as being the problem in Europe at the moment? People in countries like Greece turning increasing it seems, to 'Right wing' parties. Honestly, this is what they hit on as being the issue, not the fact that an attempt to Sovietise Europe through EU power grabs was actually the cause of all the problems.
They didn't highlight the way that Merkel was demanding that power be taken without consent. German leaders have form regarding such statements of course.
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