willingness and ability to support those governments, has undoubtedly abated. Financial markets no longer believe that any of the eurozone member states will be forced out of the euro. The EU's response has essentially been that the crisis was brought on in part because of lack of national budgetary discipline and poor financial industry supervision. To fix this, it is working towards greater integration of budgets and banking regulation. Now EU member governments, especially those in the eurozone states, have to submit their plans for taxes and spending to the European Commission for its approval. What penalties might be applied if the commission thinks these national plans are flawed is not entirely clear. An implicit contradiction and risk is that if the commission denounces a national budget as wrong, financial markets will start penalising that state, causing a sovereign debt crisis, which in turn does damage to the EU.
The people want significant reform and the task is to deliver it. Top of the list on the reform agenda has to be immigration. That, too, poses a significant challenge to integrationists because the free movement of people inside the EU is an essential part of what the union means. But Nike Air Max Women 2015 Price
But now voters have produced a greater explicit risk. What if, reacting against austerity measures agreed by a national government and the EU, voters turf out that government in favour of a party that has promised to scrap the austerity? Can it be seriously imagined that commission bureaucrats would tell that new government it has no choice but White Nike Air Max 1 Womens to adopt the policies of the old one?If that were to happen, then Eurosceptic demonology that long cherished national democracy and sovereignty is being obliterated by faceless Eurocrats would suddenly look extremely real. There are, for European integrationists, much worse nightmares. What if voters elect a government committed to getting out of the euro? Even the distant threat of such a thing happening Nike Womens Air Max Tailwind 8
the people have said, any attempt by European elites to dismiss these election results as a just a bump in the road and not a warning of potential chasms ahead would be ridiculous.
would be enough to spook financial markets and cause havoc with sovereign debts and the euro. And on the basis of these results, such a threat does not look all that distant. So, as national leaders gather in Brussels today to discuss what Womens Nike Air Max Tn
while there are impeccable liberal intellectual and economic arguments for unrestricted movement of people, rather a lot of people view it differently as a threat to their jobs, incomes, liberties, way of life, and even as a criminal threat as Ukip leader Nigel Farage disgracefully implied in his remarks about Romanians. Even in nice liberal Denmark, the far right People's Party, standing for strict border controls and an end to welfare payments to non Danish citizens, came top of the poll with 27 per cent of the Danish vote. And since France, right at the heart of the Schengen no borders zone, now has a quarter of its voters willing to back the anti.
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