Back in EUSSR

By John Griffing

There are more than a few similarities between the newly forged federal Europe and the former Soviet Union.

It is quite ironic that only 22 years after the fall of the Berlin wall and the end of Soviet communism, a new tyranny has risen, predicated on the same failed centralist political tactics tried and tested in the old Soviet Union. Just ask Russia how that worked out.

And yet with the recent debt crisis spreading across Europe, the problem with centralism as a model has been illustrated yet again, since it is now apparent to all watching that a supranational central bank that sets uniform interest rates and controls the liquidity of an entire continent is unable to contain major dislocations and financial disruptions in member states. The financial contagion that resulted from European loan defaults, most notably in the case of Greece, has prompted calls for yet more centralization.

Factions inside the European Commission are discussing proposals to make defaulting states "wards" of the Commission, effectively ending national sovereignty for indebted states. Each "ward" would be assigned a budget officer who would oversee spending in the geographical area under his or her direction.

Read more at: http://www.americanthinker.com/2011/10/back_in_eussr.html