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silent coup in Europe.

In the biggest transfer of powers to the European Union over the past 50 years, according to the new European system of 'economic governance', Brussels receives the right to veto decisions on wages, public expenditures and taxes. Translated for Rebelión by Christine Lewis Carroll

Leigh Phillips

rebelion.org Red Pepper

It's amazing how little media coverage that has been in the United Kingdom on measures absolutely revolutionary and versatile revealed recently by the EU, in response to the crisis in the eurozone and that fall within what Brussels calls 'economic governance'.
only talked about this in a couple of articles from the tabloids and yet, its importance has been buried under the anecdotal claims by the European Union to harmonize the size of condoms, to ban French fries with smoked bacon flavor because smoking can cause cancer and change the name of the chocolate to 'vegelate'.
According to a source close to the German Finance Ministry, Ambassador the UK in the EU, Kim Darroch, told him that was better than the match for the independence of the United Kingdom (UKIP, for its acronym in English) and the press occupied before the curvature of bananas of the proposed economic governance, and in particular something called the 'European Semester. " "If you knew what's going on ...", said the minister.

is noteworthy that the quid pro quo for the purchase of Greece and Ireland by the EU and the IMF has meaning in the two countries, amputation of the decisions on domestic fiscal policies. That amputation was performed without anesthesia by a team of surgeons from the European Commission trained by the German Finance Ministry, using saws and chisels provided by the Department of Economics at the University of Chicago. Portugal, even before asking for ransom, took time to fulfill the government's program dictated by Brussels and Berlin.

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