Graham's initial thoughts on the three big messages contained in President Barroso's speech this year.
First thoughts on the three big messages:
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Banking Union must be completed quickly
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If you do not like Europe as it is, then engage in debate and do not just walk out (but he did not even mention the UK!)
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He will present further ideas before the EP elections on how to deepen into a real political union.
I have argued for several years that the economic crisis has already forced Europe into economic governance arrangements that are tantamount to a political union. The democratic accountability of this will be filled in during the term of the 8th European Parliament 2014-19 and a de jure political union will be created. Will the UK be part of that? Will the people accept this political union? If not, the world will experience a shock that will dwarf the sub-prime crisis of the US.
More to follow for Graham Bishop clients
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Graham Bishop - Consultant on EU Integration - Financial, Budgetary, Economic, Political
Rolling Blog
© Graham Bishop
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