Gerhard Schroeder has just called for an end to “national sovereignty” and the creation of a “United States of Europe.” Does anyone else find this sort of talk a bit scary, especially when voiced by a former Chancellor of Germany?
Among those who doesn’t, apparently, is our Chancellor of the Exchequer George Osborne. What Schroeder is proposing differs very little from what Osborne was suggesting earlier this summer when he wrote in the Telegraph:
As I’ve said, the eurozone countries need to accept the remorseless logic of monetary union that leads from a single currency to greater fiscal integration. Solutions such as euro bonds now require serious consideration if investors are to be convinced about the long-term future of the currency. A disorderly outcome would be disastrous for everyone, including Britain, so we should allow greater integration to happen, while ensuring we are not part of it and our own national interests are protected....
I agree totally with Osborne that where policy making decisions are concerned, it is a British government’s job to place British interests above all else. But if he honestly believes that the best way to make the nasty problem go away is to sacrifice the entire Eurozone to the political and regulatory strictures of a German-dominated superstate then maybe the history teaching at St Paul’s isn’t quite as brilliant as I’d imagined.