Without the rest of Europe, not even Germany could survive much longer, it is clear that all European countries’ economies depend on each other’s performance.
The financial markets threaten society as a whole and democracy in Europe. The capital world needs a completely new set of rules. The finance world will have to follow the voters’ will and not the opposite.
The financial transaction tax is by far one of the most hurtful rules that the gambling world of finance should have to oblige to. Both the German voters and the chancellor want the tax to be implemented, but the markets say: “NO”. The discussion represents the way powers are distributed between the people, the elected governments and the financial world.
So that’s where we stand, with the power of the people, no elected government of a European state can afford to fall out with the financial markets. Only a conjoint government that consists of all Europeans has enough influence to do so, we need a common state of Europeans, because only that is the way to successfully represent the interests of the people of Europe. Only the United States of Europe can regain the upper hand in the ongoing struggle with the financial markets. Hence, the debt issues of all the countries have only one solution that goes vis-a-vis with the demands and the rights of the European people. Almost all democratic countries carry large debts, some of them more, some of them less, but mostly for the same reason: they simply spent more than they earned.
What goes for taxes and finances goes for most the important areas of politics: the decisive future projects can no longer be achieved on a national level, this includes large scale energy related projects as well as crime or terrorism or even a simple approximation on a country to country basis, they can only be controlled by strong European institutions.
The United States of Europe (USE) would be a conglomerate of states much like the United States of America, the approximately five hundred million inhabitants of the current European member states would no longer be members of their own state but would all carry a passport of the USE. They would choose a common capital and hopefully decide against Brussels, Germany would be a state, just like California in the USA, some might say that it sounds utopian; others would use the term threatening.
Even though the United States of Europe still are long term projects, they can already help us today. The policies of the European governments are, at least, since the beginning of the debt crisis controversial hypocritical and seemingly without orientation. The politicians seem like a group of students on a road trip, without navigation, without knowing where to go. Every cross road is a crisis, the bus stops until everybody has agreed on what to do next. If this group was able to decide on a common goal, the bus would have to stop far less often. With the long-term goal of the United States of Europe, it is also easier to make informed decisions about the introduction of Eurobonds, because of the establishment of criteria: a common European state would obviously also need a European lending fund. Then, the Eurobonds would make sense, before that, they would not. Unfortunately, the leasing country and Europe’s biggest economy, Germany has in Angela Merkel a head of state that finds long-term targets and visions deeply suspicious. Her proclaimed style of governing is live control and short term planning; she only looks as far as the next cross road. Where this trip is going to, she fails to say. There is no “after the horizon”. If Konrad Adenauer and Helmut Kohl would have had the same attitude we would still stop at every European border and open our trunks for inspection.