Showing posts with label Transfer Union. Show all posts
Showing posts with label Transfer Union. Show all posts

Monday, 14 November 2011

Brief History of the European Transfer Union (1)

After the debacle of the FDP in the elections for the regional parliament of Berlin and Peter Gauweiler's defeat in the vote for vice-president of the CSU, the coalition politicians in the German Bundestag have reduced a bit their anti-European populism – it obviously doesn't pay off. However, there is still one word which keeps persistently wandering through the German public debate since it was invented around two years ago by these populists: it's the "transfer union" which, according to them, threatens to result from the measures against the euro crisis and is contrary to the "stability union" which the founding fathers of the EU strove for. This allegation is pointless for two reasons. Firstly, because the EU was already a "transfer union" when it was still called European Economic Community and people only dreamt about a common currency. And secondly, because there is no contradiction at all between transfers and stability – on the contrary, the first could even be the precondition of the second.