I agree Jim, that is another possibility. If that is a kind of solution, then the political implicationsbehind the agreement will be very interesting.

Romano Prodi is on record of saying the Euro will provide an opportunity to achieve political change:
http://blogs.wsj.com/source/2011/10/31/ ... t-to-fail/
There are too many pointers where officials have implied that the Euro was intended to provide a future political opportunity for closer political union, for those pointers to be simply brushed aside if of no account.

It's Hegel at work yet again.

the common currency is a con trick of gigantic proportions, the idea that it can be spent anywhere across the Continent! yet earnings will vary from Country to Country, as will no doubt prices, taxes, prices and Duty payable, would all have to come into line, Maybe this is the reason the UK has oppted out, it would lose to much if it had too compete on a level playing field. of coarse we could all visit the lowest tax havens too purchase major items, then the other member states would have to charge Duty, and the whole idea would fall flat on its face.

_________________
Its not always the biggest and the bestest, its them that make the least mistakes.

I agree, and that is precisely why we need to look behind the “economic crisis” and not at it to see what is really going on. And that doesn't mean that economics won't be used to force compliance with the unannounced political agenda.

We know from experience over the man-made global warming/climate change agenda that we can't trust everything the media and politicos say. We also know that when it comes to the Common Market and the EEC, that what politicians tell us in public is vastly different to long-term fact. Gordon Brown slinking along almost after dark to sign the Lisbon Treaty out of sight typifies the underhandedness we are dealing with. Then there are those broken promises of a referendum on EU membership.

I think we need to treat a lot of what the media and political leaders are saying about the “economic crisis” with a lot of scepticism, and look for what maybe actually going on.

Jim, you have identified in language we can all understand, why political union should precede a common currency. Unfortunately for the political elite, political union is unacceptable to the electorates across Europe; which is why I believe the common currency was introduced, so as to create the very "economic crisis" we see dominating world news. I suspect the next steps will be closer political union to “fix” the economic crisis. As Jon says; it is “Hegel at work yet again”.

In due course, watch out for another common currency to appear between Mexico, the USA, and Canada. I think it's refered to as the Amero.

A one minute, thirty second video where Herman van Rumpuy admits to global governance:
http://www.youtube.com/watch?feature=pl ... 96ssNbqKN8

The clamour for “closer political and fiscal union” to 'solve' the Euro zone’s 'problems' grows ever louder:
http://www.reuters.com/assets/print?aid ... 7V20120603

Can you see Germany giving up National Sovereignty?

Club med might want closer integration as the Germans will be liable to underwrite their overspending lifestyle but Germany is further away from that than at any time in the past.

I would expect Germany to ditch the Euro and leave the rest to it before they would agree total fiscal integration!!

That's an interesting question.

If I cast my mind and political antenna back to say, 1948/50. If then I had been asked; could I imagine the UK Government willingly handing over power and justice to an undemocratic foreign power, one that has primacy over Westminster - without a shot being fired? I would automatically have answered with a definite NO! The whole prospect would have been utterly ridiculous. Or, could I foresee the day when a Westminster Government has to jump through all kinds of legal hoops with a foreign court before it can deport criminal and illegal aliens? Again, the prospect would have been ludicrous.

Now though, I know that my responses at that time would have been a million miles from the truth. I now find that successive UK Governments have willingly handed over my county of birth to a foreign and undemocratic power, and one that has primacy over Westminster.

So back to your question: “Can you see Germany giving up National Sovereignty?”. I now believe ANYTHING is possible.

Germany is probably as proud as their independence as we Brits are. It may have looked like they were pro integration when they set up and entered the Eurozone but it important to remember that the reasons they did so was pretty much at opposite poles to why club med joined.

The Euro has worked for Germany of that there can be ho denial and they will want it to survive.. But the steps they would be required to make that happen will reduce significantly the success they have enjoyed.Are they ready to take that step?

Euro integration is the long term aim of the single currency of that there is no doubt. Trouble is Germany needs to act now not next year. Merkel knows it will be political suicide if she tries to accommodate the federalists and she has an election pending!!