BuffaloBill
-
Don't Bet on a 'United States of Europe'
The man who ran Germany when the euro began trading has an idea to save the euro zone: the creation of a "United States of Europe." Gerhard Schroeder, the social democrat who took Germany into the euro, told Der Spiegel on Sunday that the euro alone could not drive an economic bloc the size of the American economy. "The current crisis makes it relentlessly clear that we cannot have a common currency zone without a common fiscal, economic and social policy. We will have to give up national sovereignty,” Schroeder said in the interview. This would mean, according to the former German Chancellor, the creation of a ... (full story)