The euro crisis rumbles on, with the Greece bail-out 2.0 entrain and still no real solution to the currency union’s problem. In a marked change from a generation of Conservative policy; that we should be at the heart of europe to ensure they don’t make a pigs ear of it, we know have George Osborne arguing for a two-speed EU, with Britain in the slow lane. Welcome aboard George!
Is this the promised land, where British democracy becomes accountable once more?
A lack of representative governance is playing havoc with the future of the Eurozone, and its cause is a democratic initiative from the German high court whereby it placed limits on the power of the executive to give away its authority to govern without reference to the elected parliament. The constitutional court ruled that the Bundestag must be given a full vote before further power is transferred to Brussels, and further stating that ultimate sovereignty must rest with the member states.
German parliamentary sovereignty is now threatening the future of the Eurozone, and by extension the wider economic recovery of EU as a whole.