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first stabilize financial markets by issuing Eurobonds. Next, remove the stability of the European Union and Growth Pact

The risks of financial crisis that destroyed half a century of European integration. It is primarily a political and an economic crisis, and only a political solution can resolve different. The problem is the intergovernmental system of government, the governments of the Member States to take decisions together, but each government pursues its own partial interests. Thus, political integration is the complement that lacks an integrated economy. Intergovernmental policy decisions represent only the lowest common denominator, and the collective interests of all European citizens are neglected.

fraud control Karamanlis government fiscal policy and how this affected the euro. Witnessed the imposition of austerity Merkel kill growth in the rest of Europe. Witness to the financial panic after Berlusconi tried to bribe voters who leave. In all these cases, and many others, the interests of citizens are violated under the pretext of democracy. For national governments are, by definition, deals only with the partial interests of your small districts nationwide, seeking to be elected on platforms that typically have little to do with Europe. However, EU policies affect all citizens. European public goods. How can people say that "choice" when governments negotiate commitments that say "no alternative"?

The consequences are disastrous. The decisions taken by governments always arrive too late or not going far enough. Financial markets panic, because they can see who is in charge and will. The crisis of emergency is schlepping to the emergency. Ultimately, it is the state government's most powerful member, which dictates the policies, even if a majority of citizens in Europe. It is time for the Democrats in Europe, whether social or not, realize that this modern form of electoral fraud is not effective in the management of our European public goods, or democratic in every sense of the term .

Democracy means that citizens can elect a government by universal suffrage and approve policies that affect them. But that's what European citizens can not do. Like the kings in ancient times, Merkel and Sarkozy agree, the board orders, and we are all affected by its policies. Berlusconi Karamanlis or do what is good for his re-election, but the damage is already done for everyone. Give more power to national parliaments on European issues is totally against-productive: the number of veto players and makes effective policy even less likely. National parliaments in Helsinki or elsewhere, may block a deal, but do not have the power to elect political leaders of a European government. The only place where more power is democratically justified to the European Parliament.

The last joke is the proposed Sarkozy / Merkel to the European Council President Van Rompuy an "economic government". Leave aside that Ms. Merkel said at the outset that this government is nothing but a coordination of economic policies in recent years, so nothing new. Sarkozy's idea to make the European Council of Heads of State and Government for economic cooperation is so bad, it does not guarantee the most effective decision-making and give citizens the democratic rights of political choice. The result is simple: the austerity made in Berlin, stupid

The alternative is an economic democratic governance. A real government. A government controlled by citizens. Thus a genuine economic government could resolve the crisis in Europe: first, the most urgent task is to stabilize financial markets and stop speculation against some Member States, first in Greece. There is a simple way to do this: bond, ie financial instruments that provide liquidity to member states that otherwise have no access to finance. There are different ideas on how eurobonds could be structured as technically, but the goal should be to ensure sufficient liquidity for the sale of financial panic, and even avoided.

However, it is clear that you can not leave the European Central Bank alone, while governments are pushing each other in insolvency. It would weaken the position of the ECB and ultimately destroy their ability to conduct monetary policy. Finally, sovereign debt is a matter of fiscal and monetary policy and must be controlled by the sovereign -. Citizens, ie

The second task is to redefine the fiscal policy framework. If Eurobonds are to provide liquidity to the Governments of Member States, the issue of moral hazard must be addressed properly. Why would a government to impose fiscal discipline in its own electorate, if you could count all the money he wants from the EU? A hard constraint is needed. Clearly, the Stability and Growth is unable to perform this function. Poachers are not reliable guards.

2. The European Commission has issued permits authorized deficit with the added amount of the deficit.